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Managerial Accounting for Anders Inc.

Anders Inc. uses the weighted-average method 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 70%
Stage of completion with respect to conversion 10%
Costs in the beginning inventory:
Materials cost $1,736
Conversion cost $2,288

Units started into production during the month 18,000
Units completed and transferred out 18,400

Costs added to production during the month:
Materials cost $59,908
Conversion cost $520,696

Work in process, ending:
Units in process 400
Stage of completion with respect to materials 70%
Stage of completion with respect to conversion 20%

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

Solution Summary

The solution gives a production report based on the weighted-average method for Anders Inc.

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