Question

• Four Seasons Company makes show blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, work in process is complete and at the end of the month it is 60% complete. Other data for the month include: Beginning work-in-process inventory Units started Units placed in finished goods 1600 units 2000 units 3200 units $200 $260 000 Konversion costs Cost of direct materials Beginning work-in-process costs: Materials Konversion 5154 000 2 os Required: a. Prepare a production cost worksheet with supporting schedules using the weighted average method of process costing, take the total units) b. Prepare journal entries to record transferring of materials to processing and from processing to finished goods PRODUCTION COST WORKSHEET Direct Materials Conversion Flere of production Work in process, beginning Started during period To account for Physical Units GOO 2000 3600 Units completed Work in process, ending Accounted for 3200 400 S GOO 3200 406 SC00 240 607 3-110 001 Work in process, beginning Costs added during period Total costs to account for Divided by equivalent units Equivalent unit costs Totals 236.080 460.000 696,060 Direct Materials 15'1,000 250.000 414,000 Conversion 62.080 200.000 22 OKO 240x82 I 197 262 368.000 Completed units 1630,00 Work in process, ending 65.680 Direct Materials 46.000 Conversion Costs accounted for 696 OKO 11,000 total 197x3200 am - 115 x 3200 CC=824 3200 14.680 282080

Answer 1

	Production cost Sheet
			(units)
Flow of production	Phsyical units	Direct Material	Conversion
Work in progress, beginning	1600
Started during period	2000
To account for	3600
Units Completed	3200	3200	3200
Work in progress, Ending	400	400	240
Accounted for	3600	3600	3440
Costs	Total costs	Direct materials	Conversion
Work in progress, beginning	$ 2,36,080.00	$   1,54,000.00	$    82,080.00
Cost added during Period	$ 4,60,000.00	$   2,60,000.00	$ 2,00,000.00
Total cost to account for	$ 6,96,080.00	$   4,14,000.00	$ 2,82,080.00
Divided by Equivalent units		$        3,600.00	$      3,440.00
Equivalent unit Cost		$           115.00	$            82.00
Assignment of cost
Completed units	$ 6,30,400.00	115*3200	82*3200
Work in process,ending	$    65,680.00	115*400	82*240
Costs accounted for	$ 6,96,080.00	$   4,14,000.00	$ 2,82,080.00