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Better Times Company is a manufacturer of soap. It produces all of its products in one department. The information for the current month is as follows:
Beginning work in process 50,000 units Units started 63,000 units Units completed 77,000 units Ending work in process 30,000 units Spoilage 6,000 units
Beginning work-in-process direct materials $32,000 Beginning work-in-process conversion $ 9,000 Direct materials added during month $130,000 Direct manufacturing labor during month $67,200
Problem 1: What is the production cost worksheet if spoilage is recognized and the weighted-average method is used?
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