Weighted Average Method Assignment


Weighted Average Method Assignment

Cry Over Spiled Mil, Inc, a manufacturer of mops, uses the weighted-average method in is processing costing system Don't Cry uses a traditional costing system in the allocation of its manufacturing overhead (MOH) to production, MOH costs are allocated to production on the basis of machine-hours logged during the period Total estimated MOH for the period was $300,000 and total estimated machine hours were 100,000. The following data concern the operations of the company's first processing department, Assembly for June 2018 800 mops, 60 % complete with respect to direct materials,

10 % complete with respect to conversion Beginning Work in Process Costs in Beginning Work in Process Units Started in June Direct Product Costs Added During June $3,712 (of this amount, $1,296 is for direct materials) 16.000 mops direct materials $47.076, direct labor $216 213 300 mops 60% completed with respect to direct materials, 70% complete with respect to conversion Ending Work in Process (round all calculations to 2 decimal places all answers should include commas and 2 decimal places, Le. 1,000.00, not 10003 The cost to assemble one mop in June was $ The cost of goods completed and transferred out of the Assembly department during June equals The conversion costs included in Work in Process-Assembly at the beginning of July would equal. Get Accounting homework help today