Asia,Inc ,Manufactures One Product in Two Departments on a Continuous

Essay

Asia,Inc. ,manufactures one product in two departments on a continuous basis and uses the average cost method of process cost accounting.The following information was reported for the month of August,20--:
Production Report
Cutting
Department
Assembly
Department
In process,beginning of month
1,100
600
Finished and transferred during month
8,000
8,000
Work in process,end of month
1,500
600
Stage of completion
50%
40%
Prepare a cost of production summary for each department for the month.