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Prepare production cost report using weighted average method

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Question: Materials are added at the start of process and conversion costs are added evenly throughout. At the start of March WIP was 40% complete for conversion with material costs of 10000 and conversion cost of 60000.

Beginning WIP inventory-2000 units

Units started during the month the month - 15000 units

Units transferred to finish goods - 10000 units

ending WIP was 80% complete

direct material cost - 500000

conversion cost - 751200

1. Prepare the production cost report for march using weighted average method.

Reference no: EM131760335

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