Kennedy Company The Following Information Is Available for Kennedy Company for March

question 82

Essay

Kennedy Company
The following information is available for Kennedy Company for March of the current year.All materials are added at the start of production.

Beginning Work in Process: (80% complete)	8,000 units
Started	35,000 units
Normal spoilage (continuous)	6,000 units
Abnormal spoilage	2,500 units
Ending Work in Process: (55% complete)	15,000 units
Transferred out	19,500 units
Beginning Work in Process Costs:
	Material	$ 14,000
	Conversion	45,000
Current Costs:
	Material	50,000
	Conversion	175,000
Total Costs		$ 284,000

Refer to Kennedy Company.Prepare the cost of production report assuming the weighted average method.

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Definitions:

Semen

The mixture of secretions from the various glands and organs of the reproductive system of the male, which is expelled at orgasm.

Sterile

Without any organisms.

PPE

Personal Protective Equipment; gear worn to minimize exposure to hazards that cause serious workplace injuries and illnesses.

Sterile Field

A specific area, often in a medical setting, that is kept free of all microorganisms to prevent infection during procedures.