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Preparing A Production Report/Weighted Average Method

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Please see attached file.

Text: Introduction to Managerial Accounting, 3rd edition, Brewer-Garrison-Noreen, ISBN# 007-304-8836

QUESTION #1: Problem 4-16A, Preparing A Production Report/Weighted Average Method

QUESTION #2, Page 191: Please provide a solution to the problem that is highlighted in yellow.

QUESTION #3, Page 191: Please provide a solution to the problem that is highlighted in yellow.

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Solution Summary

The solution explains how to prepare a production cost report for refining department

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2.
Accounts Receivable Raw Materials
(g) 1,500,000 Bal. 618,000 610,000 (a)
Bal. 8,000

Work in Process
Refining Department Work in Process
Blending Department
Bal. 38,000 740,000 (e) Bal. 65,000 950,000 (f)
(a) 495,000 (a) 115,000
(b) 72,000 (b) 18,000
(d) 181,000 (d) 42,000
Bal. 46,000 (e) 740,000
Bal. 30,000

Finished Goods Manufacturing Overhead
Bal. 20,000 900,000 (g) (c) 225,000 223,000 (d)
(f) 950,000 Bal. 2,000
Bal. 70,000

Accounts Payable Salaries and Wages ...

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