Four Seasons Company makes snow blowers. Materials are added at the beginning of the process...
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Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the end September, work in process is 100% complete related to direct materials costs, and 60% complete related to conversion costs. Other data for the month include: Required: Prepare a production cost worksheet with supporting schedules using the weighted average method of 2 process costing. (15 points) nc note: this question has 5 steps Beginning work-in-process inventory Units started Units placed in finished goods Work-in-process ending Cost of direct materials added during Sept. Conversion costs added during Sept. Beginning work-in-process costs: Materials Conversion 1,600 units 2,000 units 3,200 units 400 units $260,000 $200,000 $154,000 $82,080| Flow of production Physical Units Direct Materials Conversion Work in process beginning Work started during current period Total to account for Completed and transferred out during periode Work in process, ending Accounted for Equivalent units of work done to date Step 3: Totals Direct Materials Conversion Work in process, beginning Costs added during period Total costs to account for S Step 4 Costs incurred to date Divide by equivalent units to date Cost per equivalent unit Step 5: Assignment of costs Completed and transferred out Work in process, ending Total costs accounted for
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