Solution-Establish a production cost worksheet

Establish a production cost worksheet

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Reference no: EM132778897

Question - Better Times Company is a manufacturer of soap. It produces all of its products in one department. The information for the current month is as follows:

Beginning work in process 50,000 units

Units started 63,000 units

Units completed 77,000 units

Ending work in process 30,000 units

Spoilage 6,000 units

Beginning work-in-process direct materials $32,000

Beginning work-in-process conversion $9,000

Direct materials added during month $130,000

Direct manufacturing labor during month $67,200

Beginning work in process was 25% complete to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 40% of direct manufacturing labor. Ending work in process was 65% complete. All spoilage is normal and is detected at the end of the process.

Required - Establish a production cost worksheet if spoilage is recognized and the weighted-average method is used.

Reference no: EM132778897

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Establish a production cost worksheet

Reference no: EM132778897

Reference no: EM132778897

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