Weston Products manufactures an industrial cleaning compound that goes through three processing departmentsGrinding, Mixing, and...
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Weston Products manufactures an industrial cleaning compound that goes through three processing departmentsGrinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:
The May 1 work in process inventory consisted of 133,000 pounds with $244,720 in materials cost and $147,630 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 338,000 pounds were started into production. The May 31 inventory consisted of 87,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method to account for units and costs.
Work in Process-Grinding Department Completed and transferred to 392,350 the Mixing Department Inventory, May 1 Materials 697,280 388,896 Conversion Inventory, May 31
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