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Prepare a production cost worksheet using weighted-average

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Question

Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows: Beginning work-in-process 10,000 units

Units started 20,000 units

Units completed 25,000 units

Beginning work-in-process direct materials $6,000

Beginning work-in-process conversion $2,600

Direct materials added during month $30,000

Direct manufacturing labor during month $12,000

Factory overhead $5,000

Beginning work-in-process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work-in-process was 60 percent complete.

Required:

Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.

Reference no: EM132360644

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