Explore BrainMass

Explore BrainMass

    Managerial Accounting for Anders Inc.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com June 3, 2020, 7:20 pm ad1c9bdddf
    https://brainmass.com/business/accounting/managerial-accounting-for-anders-inc-93838

    Solution Summary

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

    $2.19

    ADVERTISEMENT