Following Are Production Data for a Process Costing System

question 83

Essay

Following are production data for a process costing system:
Beginning work in process, 30% complete 12,000 units
Started 90,000
Ending work in process, 70% complete 8,000
Costs:
Beginning work in process:
Direct Materials $ 28,800
Conversion costs 5,220
Materials used during the period 216,000
Conversion costs incurred during the period 139,200
a)Using the weighted average, prepare a process costing report.
b)Write out the journal entries for the costs incurred and the work performed this period under the weighted average method.