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Wetzel Manufacturing Company Has Two Departments,assembly and Finishing Required:
1)Prepare a Cost of Production Report for the Assembly

Question 62

Essay

Wetzel Manufacturing Company has two departments,assembly and finishing.The following data for the Assembly Department for June Year 2 is provided:
% Direct  Direct  Units  Complete Material  Labor  Overhead Total  Beginning work in process 50075%$9.500 Started during the month 1,500 Completed during the month 1,750 Ending work in process 25040% Costs added during month $18.276$7.620$4.564$30.460\begin{array}{|l|r|r|c|c|c|}\hline&&\% &\text { Direct }&\text { Direct }\\&\text { Units }&\text { Complete}&\text { Material }&\text { Labor }&\text { Overhead}&\text { Total }\\\hline \text { Beginning work in process } & 500 & 75 \% &&&&\$9.500\\\hline \text { Started during the month } & 1,500 & \\\hline \text { Completed during the month } & 1,750 & \\\hline \text { Ending work in process } & 250 & 40 \% \\\hline \text { Costs added during month } & &&\$18.276&\$7.620&\$4.564&\$30.460 \\\hline\end{array}

Required:
1)Prepare a cost of production report for the Assembly Department.Wetzel uses the weighted-average method to determine equivalent units.
2)How much cost should be transferred to the Finishing Department?

Correct Answer:

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