Highlander Corporation is a manufacturer that uses the average cost method to account for costs of production.Highlander manufactures a product that is produced in three separate departments: molding,assembling,and finishing.The following information was obtained for the assembling department for the month of June:
Work in process,June 1: 4,000 units composed of the following: The following activity occurred during the month of June: (3)Materials are added at the end of the process. Prepare in good form a cost of production report for the assembling department for the month of June.Show supporting computations in good form.The report should include:
a.Equivalent units of production.
b.Total manufacturing costs.
c.Cost per equivalent unit.
d.Dollar amount of ending work in process.
e.Dollar amount of inventory cost transferred out.

Question

Highlander Corporation is a manufacturer that uses the average cost method to account for costs of production.Highlander manufactures a product that is produced in three separate departments: molding,assembling,and finishing.The following information was obtained for the assembling department for the month of June:
Work in process,June 1: 4,000 units composed of the following:  The following activity occurred during the month of June:   (3)Materials are added at the end of the process.   Prepare in good form a cost of production report for the assembling department for the month of June.Show supporting computations in good form.The report should include: 
a.Equivalent units of production.
b.Total manufacturing costs.
c.Cost per equivalent unit.
d.Dollar amount of ending work in process.
e.Dollar amount of inventory cost transferred out.

Quizplus · Accepted Answer

The Answer of Highlander Corporation is a manufacturer that uses the average cost method to account for costs of production.Highlander manufactures a product that is produced in three separate departments: molding,assembling,and finishing.The following information was obtained for the assembling department for the month of June:
Work in process,June 1: 4,000 units composed of the following:  The following activity occurred during the month of June:   (3)Materials are added at the end of the process.   Prepare in good form a cost of production report for the assembling department for the month of June.Show supporting computations in good form.The report should include: 
a.Equivalent units of production.
b.Total manufacturing costs.
c.Cost per equivalent unit.
d.Dollar amount of ending work in process.
e.Dollar amount of inventory cost transferred out.

Highlander Corporation Is a Manufacturer That Uses the Average Cost