Prepare a production report for the department

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Reference no: EM13519073

Anchor Inc. uses the weighted-averagemethod in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

Work in process, beginning:


Units in process

800

Stage of completion with respect to materials

60%

Stage of completion with respect to conversion

10%

Costs in the beginning inventory:


Materials cost

$1,296

Conversion cost

$2,416

Units started into production during the month

16,000

Units completed and transferred out

16,500

Costs added to production during the month:


Materials cost

$47,076

Conversion cost

$497,213

Work in process, ending:


Units in process

300

Stage of completion with respect to materials

60%

Stage of completion with respect to conversion

70%

Required:

Prepare a production report for the department using the weighted-average method.

Reference no: EM13519073

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