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Weather Instruments Assembles Products from Component Parts

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

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Definitions:

Due Payment

The amount of money that is scheduled to be paid at a certain date as part of a financial obligation.

Delay Payment

The act of postponing a payment until a later time, often resulting in additional fees or interest.

Interest Rate

The percentage of a loan that comes with an interest charge to the borrower, often stated as an annual percentage of the loan balance.

Interest

The cost of borrowing money or the profit from lending it, typically expressed as an annual percentage of the principal.

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