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Weighted-Average Method

Data relating to the kilograms of cement processed through the Mixing Department for Miller Cement are listed below:

Kilograms of Percent Completed
Cement Materials Conversion
Work in process, May 1 80,000 80% 20%
Started into production during May 300,000 - -
Work in process, May 31 50,000 40% 10%

1. Compute the number of kilograms of cement completed and transferred out of the Mixing Department during May.

2. Prepare a quantity schedule for the Mixing Department for May, assuming that the company uses the weighted-average method.

Please show all computations used to arrive at your answers so that I can compare my answers with yours.

Solution Summary

Weighted-Average Method is utilized.

$2.19