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Prepare a production cost worksheet using the weighted-average method.

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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 labor during month $12,000;Factory overhead $5,000;Beginning work-in-process was half converted as to labor 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 percent complete.;Required;Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.

 

Paper#24739 | Written in 18-Jul-2015

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