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

Essay

Carter Manufacturing Company has two departments,Assembly and Finishing.Carter uses the weighted average method to determine equivalent units.Consider the following data for the Finishing Department for December:
$\begin{array}{|c|c|c|c|c|c|c|}\hline&&\text { Transferred- }&\text { Direct}&\text { Direct }\\&\text { Units }&\text { in }&\text { Material }&\text { Labor}&\text { Overhead}&\text { Total }\\\hline \text { Beginning work in process } & 2,500 & & & \$ 35,200 \\\hline \text { Started during the month } & 7,500 & & & \\\hline \text { Completed during the month } & 8,000 & & & \\\hline \text { Ending work in process ( } 65 \% \text { complete) } & 2,000 & & \\\hline \text { Costs added during month } & & \$ 375,000 & \$ 134,000 & \$ 26,600 & \$ 24,400 & \text { \$ } 560,000 \\\hline\end{array}$
Required:
1)Prepare a cost of production report for the Finishing Department.
2)How much cost should be transferred to Finished Goods?