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Process Costing A company uses process costing system has TWO departments (A and B). Cost...

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Accounting

Process Costing A company uses process costing system has TWO departments (A and B). Cost and other data of MAY in department A as the following: Beg. WIP: Units: 20,000 (completed 100% material, 30% conversion). Cost Of Beg. Inventory (MAY): Materials: $8,000. Labor: $3,600. MOH: $5,400. Total cost: $17,000. Units started in MAY: 180,000. Cost added during MAY: Units completed and transferred out to next Material: $63,000. department (B): 170,000. Labor: $88,000. Applied MOH: $132,000. Total: $283,000. Ending WIP: Units: 30,000 (Completed 100% material, 40% conversion). Required: Prepare Production Cost Report under Weighted Average Method (Showing your calculations under it) Name: ID: Section: Answer Sheet 3 Production Report / Weighted Average Method Section 1: Quantity Schedule & Equivalent Unit. Items Q.S EU MLOH TCMLOH Whole unit Items T C Section 2: Cost per E U. EU MLOH Section 3: Cost Reconciliation. Calculation Notes

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