Reference no: EM132640212
Mammoth Co. is a manufacturer of wool cloth. The information for May is as follows:
Beginning work in process 20,000 units
Units started 40,000 units
Units completed 50,000 units
Beginning work-in-process direct materials $ 12,000
Beginning work-in-process conversion $ 5,200
Direct materials added during month $60,000
Direct manufacturing labour during month $24,000
Factory overhead $ 10,000
Beginning work in process was half converted as to labour 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% complete.
Problem 1: Prepare the production cost using weighted average method
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