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The Laramie Factory Produces Expensive Boots Required:
Prepare a Production Cost Worksheet Using Weighted-Average Costing for Process

question 1

Essay

The Laramie Factory produces expensive boots.It has two departments that process all the items.During January,the beginning work in process in the tanning department was 40% complete as to conversion and 100% complete as to direct materials.The beginning inventory included $6,000 for materials and $18,000 for conversion costs.Ending work-in-process inventory in the tanning department was 40% complete.Direct materials are added at the beginning of the process.
Beginning work in process in the finishing department was 60% complete as to conversion.Beginning inventories included $7,000 for transferred-in costs and $10,000 for conversion costs.Ending inventory was 30% complete.
Additional information about the two departments follows:
 Tanning  Finishing  Beginning work-in-process units 5,0004,000 Units started this period 14,000? Units transferred this period 16,00018,000 Ending work-in-process units ?2,000 Material costs added $18,000?19,000 Conversion costs 32,000? Transferred-out cost 50,000?\begin{array} { l r r } & \text { Tanning } & \text { Finishing } \\\text { Beginning work-in-process units } & 5,000 & 4,000 \\\text { Units started this period } & 14,000 & ? \\\text { Units transferred this period } & 16,000 & 18,000 \\\text { Ending work-in-process units } & ? & 2,000 \\& & \\\text { Material costs added } & \$ 18,000 & ? 19,000 \\\text { Conversion costs } & 32,000 & ? \\\text { Transferred-out cost } & 50,000 & ?\end{array}
Required:
Prepare a production cost worksheet using weighted-average costing for the finishing department.


Definitions:

Conj

A shortened form of conjunction, referring to a grammatical connector between words, phrases, or clauses.

Simp

Slang for someone who is perceived to be overly subservient or attentive towards another person, often in pursuit of emotional or romantic attention.

Simp

A slang term often used derogatorily to describe someone who is overly subservient to someone else, typically in pursuit of affection.

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Slang term often used to describe a person who performs excessive sympathy and attention toward another person, sometimes in pursuit of a romantic relationship.

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