Solution-Prepare a production report for the department

Prepare a production report for the department

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Reference no: EM13519073

Anchor Inc. uses the weighted-averagemethod in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

Work in process, beginning:
Units in process	800
Stage of completion with respect to materials	60%
Stage of completion with respect to conversion	10%
Costs in the beginning inventory:
Materials cost	$1,296
Conversion cost	$2,416
Units started into production during the month	16,000
Units completed and transferred out	16,500
Costs added to production during the month:
Materials cost	$47,076
Conversion cost	$497,213
Work in process, ending:
Units in process	300
Stage of completion with respect to materials	60%
Stage of completion with respect to conversion	70%

Required:

Prepare a production report for the department using the weighted-average method.

Reference no: EM13519073

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Prepare a production report for the department

Reference no: EM13519073

Reference no: EM13519073

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