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Author Question: Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and ... (Read 35 times)

skymedlock

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Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, work in process is 40% complete and at the end of the month it is 60% complete. Other data for the month include: 

Beginning work-in-process inventory1,600 units
Units started2,000 units
Units placed in finished goods3,200 units
Conversion costs$200,000
Cost of direct materials$260,000
Beginning work-in-process costs:
     Materials$154,000
     Conversion$ 82,080
Required: 
a.  Prepare a production cost worksheet with supporting schedules using the weighted-average method of process costing.
b.  Prepare journal entries to record transferring of materials to processing and from processing to finished goods.


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Marked as best answer by skymedlock on Mar 6, 2021

ladyjames123

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skymedlock

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Reply 2 on: Mar 6, 2021
Excellent


Perkypinki

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Reply 3 on: Yesterday
:D TYSM

 

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