Viking Sports is a manufacturer of sport swear. It produces all of its products in one department. The information for the current month is as follows:

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.

Question

Viking Sports is a manufacturer of sport swear. It produces all of its products in one department. The information for the current month is as follows:
  
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.

Quizplus · Accepted Answer

The Answer of Viking Sports is a manufacturer of sport swear. It produces all of its products in one department. The information for the current month is as follows:
  
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.

Viking Sports Is a Manufacturer of Sport Swear