Reference no: EM132536981
A Company manufactures small boats. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout the process. Data for April follows:
Production Data Units Percent Complete
Units in process, April 1 1000 60%
Units started into production 4000
Units in process, April 30 1500 20%
Cost Data
Work in process, April 1:
Costs added:
Materials $25,500
Materials $90,000
Labour 3,000
Labour 12,000
Manufacturing overhead 6,000
Manufacturing overhead 18,900
Required:
Question 1: Using the weighted average method, prepare a production cost report for the company. Note that you will need to use the following Production Cost Report
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