1. 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.

2. The Wood Furniture Company manufactures tables. In March, the two production departments had budgeted allocation bases of 4,000 machine hours in Department 100 and 8,000 direct manufacturing labor hours in Department 200. The budgeted manufacturing overheads for the month were $57,500 and $62,500, respectively. For Job A, the actual costs incurred in the two departments were as follows:

Department 100 Department 200
Direct materials purchased on account $110,000 $177,500
Direct materials used 32,500 13,500
Direct manufacturing labor 52,500 53,500
Indirect manufacturing labor 11,000 9,000
Indirect materials used 7,500 4,750
Lease on equipment 16,250 3,750
Utilities 1,000 1,250

Job A incurred 800 machine hours in Department 100 and 300 manufacturing labor hours in Department 200. The company uses a budgeted overhead rate for applying overhead to production.

Required:

a. Determine the budgeted manufacturing overhead rate for each department.
b. Prepare the necessary journal entries to summarize the March transactions for Department 100.
c. What is the total cost of Job A?