General Fabricators Assembles Its Product in Several Departments Required:
Prepare a Production Cost Worksheet Using Weighted Average for Departments

question 171

Essay

General Fabricators assembles its product in several departments.It has two departments that process all units.During October,the beginning work in process in the cutting department was half completed as to conversion,and complete as to direct materials.The beginning inventory included $12 000 for materials and $3000 for conversion costs.Ending work-in-process inventory in the cutting department was 40% complete.Direct materials are added at the beginning of the process.
Beginning work in process in the finishing department was 75% complete as to conversion.Direct materials are added at the end of the process.Beginning inventories included $16 000 for transferred-in costs and $20 000 for conversion costs.Ending inventory was 25% complete.Additional information about the two departments follows:
$$\begin{array} { | l | r | r | } \hline & \text { Cutting } & \text { Finishing } \\\hline \text {Beginning work-in-process units } & 20000 & 20000 \\\hline \text { Units started this period } & 40000 & 50000 \\\hline \text { Units transferred this period } & 50000 & \\\hline \text { Ending work-in-process units } & 10000 & 20000 \\\hline \text { Material costs added } & \$ 48000 & \$ 28000 \\\hline \text { Direct manufacturing labour } & \$ 16000 & \$ 40000 \\\hline \text { Other conversion costs } & \$ 8000 & \$ 24000 \\\hline\end{array}$$
Required:
Prepare a production cost worksheet using weighted average for the cutting department and FIFO for the finishing department.
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Definitions:

Covering And Lining Layers

Refers to tissues that protect internal structures and absorb, secrete, or filter substances, such as skin and mucous membranes.

Connective Tissue

A type of tissue in the body that provides support, binds together, and protects organs. It includes bone, cartilage, and blood among others.

Muscle Tissue

A type of body tissue composed of fibers that are capable of contracting to produce movement in various parts of the body.

Multipolar Neuron

A type of neuron characterized by having one axon and multiple dendrites, allowing it to integrate a large amount of information from various sources. They are commonly found in the brain and spinal cord.