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