Weather Instruments Assembles Products from Component Parts

question 140

Essay

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>

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Definitions:

1970s

The decade from 1970 to 1979, characterized by significant cultural, political, and technological changes around the world, including the end of the Vietnam War, the Watergate scandal, and the rise of environmental movements.

Energy Crisis

A period characterized by a shortage of energy resources, leading to increased energy prices and potentially affecting economic and social development.

Federal Government

The national government of a federal country, such as the United States, which has specific powers delegated to it by the constitution.

Environmental Movement

A social and political effort to protect natural resources and ecosystems from degradation due to human activity, gaining significant traction in the late 20th century.