Mojdehi Manufacturing Co

question 95

Essay

Mojdehi Manufacturing Co. uses a weighted average process costing system. During the current period 4,800 units were transferred in (cost $150,000)to Department Q. In Department Q materials were added costing $20,000 and conversion costs of $55,000 were incurred. A total of 4,400 good units were transferred to finished goods. Normal spoilage is 2% of the units inspected, and the inspection occurs at the end of the process. Direct materials are added at the beginning of the process. Additionally:
Beginning WIP: 1,000 units, 40% complete
Direct materials costs = $4,070
Conversion costs = $6,008
Transferred-in costs = $10,080
Ending WIP: 1,200 units, 30% complete
Prepare a complete process costing report for the current period)