Jordana Woolens Is a Manufacturer of Wool Cloth Beginning Work in Process Was Half Converted as to Labor

question 54

Essay

Jordana Woolens is a manufacturer of wool cloth.The information for March is as follows:
$$\begin{array} { | l | r | } \hline \text { Beginning work in process } & 10,000 \text { units } \\\hline \text { Units started } & 20,000 \text { units } \\\hline \text { Units completed } & 25,000 \text { units } \\\hline & \\\hline \text { Beginning work-in-process direct materials } & \$ 6,000\\\hline \text { Beginning work-in-process conversion } & \$ 2,600\\\hline \text { Direct materials added during month } & \$ 30,000 \\\hline \text { Direct manufacturing labor during month } & \$ 12,000 \\\hline \text { Factory overhead } & \$ 5,000 \\\hline\end{array}$$ Beginning work in process was half converted as to labor and overhead.Direct materials are added at the beginning of the process.All conversion costs are incurred evenly throughout the process.Ending work in process was 60% complete.
Required:
Prepare a production cost worksheet using the weighted-average method.Include any necessary supporting schedules.

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