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Downward Dog Yoga is a manufacturer of yoga apparel. It produces all of its products...

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Accounting

Downward Dog Yoga is a manufacturer of yoga apparel. It produces all of its products in one department. The information for the current month is as follows:

Beginning work-in-process 20,000 units
Units started 40,000 units
Units completed 50,000 units
Ending work-in-process 8,000 units
Spoilage 2,000 units

Beginning work-in-process direct materials $12,000
Beginning work-in-process conversion $4,000
Direct materials added during month $60,000
Direct manufacturing labour during month $20,000

Beginning work-in-process was half complete as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 50 percent of direct manufacturing labour. Ending work-in-process was 60 percent complete. All spoilage is normal and is detected at end of the process.

Required:

  1. Prepare a production cost worksheet assuming that spoilage is recognized and the weighted-average method is used.

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