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    neversatysfyd's Avatar
    neversatysfyd Posts: 19, Reputation: 1
    New Member
    		  
    #1

    Jul 27, 2009, 10:09 PM
    Weighted average method
    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
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Jul 27, 2009, 10:56 PM

    It's very useful if you don't double-post. Please follow the thread over here:
    https://www.askmehelpdesk.com/financ...od-380611.html
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