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radiants radiants
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5 years ago
Silver Spoon Incorporated is a manufacturer of kitchen utensils. It produces all of its products in one department. The information for the current month is as follows:

Beginning work in process40,000 units
Units started52,000 units
Units completed73,000 units
Ending work in process16,000 units
Spoilage3,000 units

Beginning work-in-process direct materials$30,000
Beginning work-in-process conversion$ 8,000
Direct materials added during month$126,400
Direct manufacturing labor during month$60,480

Beginning work in process was 25% complete as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 40% of direct manufacturing labor. Ending work in process was 60% complete. All spoilage is normal and is detected at the end of the process.

Required:
Prepare a production cost worksheet if spoilage is recognized and the weighted-average method is used.
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racehlkracehlk
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5 years ago
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radiants Author
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5 years ago
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