4.Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows:...
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4.Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows: Beginning work in process Units started Units completed Ending Inventory Beginning work-in-process direct materials Beginning work-in-process conversion Direct materials added during month Direct manufacturing labor during month Factory overhead 10,000 units 20,000 units 25,000 units 5,000 units $ 6,000 $2,600 $30,000 Cemv ersI 500 $12,000+ $ 5,000 7,bu inning work in process was 50% complete as to conversion and 100% complete for Direct Materials. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete for conversion and 100% complete for Direct Materials Required: Prepare a production cost worksheet using the FIFO method. b. Calculate the value of the ending inventory if they used Weighted Average instead. a
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