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Weighted Average Method, Single Department Analysis, Uniform Costs

Hatch Company produces a product that passes through three processes: Fabrication, Assembly, and Finishing. All manufacturing costs are added uniformly for all processes. The following information was obtained for the Fabrication Department for June:

1. Work in process, June 1, had 90,000 units (40 percent completed) and the following costs:

   Direct materials	$100,400
   Direct labor	109,000
   Overhead	35,000

2. During the month of June, 190,000 units were completed and transferred to the Assembly Department, and the following costs were added to production:

   Direct materials	$215,000
   Direct labor	144,000
   Overhead	165,000

3. On June 30, there were 45,000 partially completed units in process. These units were 80 percent complete.

Required:

Prepare a cost of production report for the Fabrication Department for June using the weighted average method of costing. The report should disclose the physical flow of units, equivalent units, and unit costs and should track the disposition of manufacturing costs. Round the cost per equivalent unit to the nearest cent.

Hatch Company Fabrication Department Production Report for June Unit Information Units to account for: Units to account for Units accounted for: Physical Flow Equivalent Units Total units accounted for Cost Information Costs to account for: Manufacturing Costs Total costs to account for Cost per equivalent unit Costs accounted for: Units completed Units, ending work in process Total costs accounted for

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