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Author Question: The Laramie Factory produces expensive boots. It has two departments that process all the items. ... (Read 127 times)

TFauchery

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on: Mar 6, 2021
The Laramie Factory produces expensive boots. It has two departments that process all the items. During January, the beginning work in process in the tanning department was 40% complete as to conversion and 100% complete as to direct materials. The beginning inventory included $6,000 for materials and $18,000 for conversion costs. Ending work-in-process inventory in the tanning department was 40% complete. Direct materials are added at the beginning of the process.
 
Beginning work in process in the finishing department was 60% complete as to conversion. Beginning inventories included $7,000 for transferred-in costs and $10,000 for conversion costs. Ending inventory was 30% complete. 

Additional information about the two departments follows: 

TanningFinishing
Beginning work-in-process units5,0004,000
Units started this period14,000?
Units transferred this period16,00018,000
Ending work-in-process units?2,000
​
Material costs added$18,000?
Conversion costs32,000$19,000
Transferred-out cost50,000?

Required: 
Prepare a production cost worksheet using weighted-average costing for the finishing department.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by TFauchery on Mar 6, 2021

Swizqar

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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TFauchery

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

phuda

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Reply 3 on: Yesterday
Excellent

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