Beginning work in process 10000 units
Units started 20000 units
Units completed 25000 units
Beginning work in process direct materials $6000
Beginning work in process conversion $2600
Direct materials added during month $30000
Direct manufacturing labor during month $12000
Factory overhead $5000
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 n process was 60% complete.
Prepare a production cost worksheet using the weighted average method. Include any necessary supporting schedules.
So... I have done this much and do not know how to continue.
DIRECT CONVERSION
BEGINNING WIP 10,000 UNITS
UNITS STARTED 20,000 UNITS
TO ACCOUNT FOR 30000 UNITS
COMPLETED AND Transferred OUT 25,000 UNITS 25,OOO 25,000
