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Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows:Beginning ...

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Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows:Beginning ...

Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows:

Beginning work in process   10,000 units
Units started    20,000 units
Units completed   25,000 units

Beginning work-in-process direct materials   $ 6,000
Beginning work-in-process conversion   $ 2,600
Direct materials added during month   $30,000
Direct manufacturing labour during month   $12,000
Factory overhead   $ 5,000

Beginning work in process was half converted as to labour and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete.

Required:
Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

Read 250 times

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Miyeon C.

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This helped a lot thank you so much

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