Prepare a cost-of-production report for texas

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Reference no: EM13513755

Texas Texturizing is a texturizer of polyester yarn. On June 1, 19A, an inventory of 10,000 pounds was complete as to materials, but only    three-quarters complete as to conversion. During the period, 160,000 pounds were completed. The inventory at the end of the period   consisted of 40,000 pounds that were complete as to materials but only one-quarter complete as to conversion. Costs for materials and conversion are as follows:


Materials

Conversion

Total

Work in process, beginning

$ 10,000

$ 5,000

$ 15,000

Current costs

140,000

76,600

216,600

Prepare a cost-of-production report for Texas Texturizing using the weighted average method.

 

Reference no: EM13513755

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