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Viking Sports is a manufacturer of sport swear. It produces all of its products in one department. ...

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Viking Sports is a manufacturer of sport swear. It produces all of its products in one department. ...

Viking Sports is a manufacturer of sport swear. It produces all of its products in one department. The information for the current month is as follows:

Beginning work-in-process   20,000 units
Units started   40,000 units
Units completed   50,000 units
Ending work-in-process   8,000 units
Spoilage   2,000 units

Beginning work-in-process direct materials   $12,000
Beginning work-in-process conversion   $4,000
Direct materials added during month   $60,000
Direct manufacturing labour during month   $20,000

Beginning work-in-process was half complete as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 50 percent of direct manufacturing labour. Ending work-in-process was 60 percent complete. All spoilage is normal and is detected at end of the process.

Required:
Prepare a production cost worksheet assuming that spoilage is recognized and the weighted-average method is used.

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

Read 343 times

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dxpayne Author

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5 years ago

I see. Hmm...

Thanks for confirming, will mark this solved.

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