Weather Instruments Assembles Products from Component Parts

question 60

Essay

Weather Instruments assembles products from component parts. It has two departments that process all products. During January, the beginning work in process in the assembly department was half complete as to conversion and complete as to direct materials. The beginning inventory included $12,000 for materials and $4,000 for conversion costs. Overhead is applied at the rate of 50% of direct manufacturing labor costs. Ending work-in-process inventory in the assembly department was 40% complete. All spoilage is considered normal and is detected at the end of the process.

Required:
Prepare a production cost worksheet using weighted-average for the assembly department>

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Definitions:

Pollution Permits

Licenses issued by governments that allow the holder to emit a certain amount of pollutants over a given time period.

Property Rights

Legal rights to use, control, and derive benefits from a resource or property, including the right to exclude others.

Negatively Affects

Causes harm or reduces the quality, value, or performance of something.

Air Traffic

The controlled movement of aircraft within the Earth’s atmosphere, especially the scheduling and management of airplane takeoffs and landings.