Posted: April 24th, 2025
Exercise 16-14 (Algo) Weighted average: Production cost report LO P2
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Use the following information for the Exercises below. (Algo)
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The following data reports on the July production activities of the Molding department at Ash Company.
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Beginning work in process |
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Direct materials |
$ 37,650 |
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Conversion |
4,620 |
$ 42,270 |
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Costs added this period |
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480,000 |
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271,920 |
751,920 |
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Total costs to account for |
$ 794,190 |
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Units |
Direct Materials |
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Percent Complete |
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Beginning work in process inventory |
3,500 |
100% |
20% |
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Units started this period |
40,000 |
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Completed and transferred out |
39,500 |
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Ending work in process inventory |
4,000 |
60% |
Exercise 16-14 (Algo) Weighted average: Production cost report LO P2
Prepare the Molding department’s production cost report using the weighted average method.
Note: Round “Cost per EUP” to 2 decimal places.
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