Reference no: EM132655602
The following activity was recorded in the Blending Department during July.
Production data:
Units in process, July 1 10,000 units
(Materials 100% completed and conversion 30% complete)
Units started into production 170,000 units
Units completed and transferred to Testing Department 160,000 units
Units in process, July 31 20,000 units
(Materials 100% completed and conversion 40% complete)
Cost data:
Units in process inventory, July 1
Material cost $ 8500
Conversion cost 4900
$ 13,400
Cost added during the month:
Material cost $ 171,500
Conversion cost 327,100
$ 498,600
$ 512,000
All materials are added at the beginning of week in the Blending Department. The company uses the weighted average method.
Instructions:
Problem a) What is cost of production report for Blending Department during July.
Problem b) Prepare work in process Account of Blending Department.
Problem c) Show necessary Journal entries in Blending Department.