Wilson Sports uses a process costing system. Direct material A is placed into production at the beginning of the process, while direct material B is placed into production at the end of the process. Inspection occurs at the end of the process, before the addition of direct material B. Normal spoilage is 5% of good units. For March the company had the following activities:

Required:
Prepare a production cost worksheet assuming that spoilage is recognized and the weighted-average method is used.

Question

Wilson Sports uses a process costing system. Direct material A is placed into production at the beginning of the process, while direct material B is placed into production at the end of the process. Inspection occurs at the end of the process, before the addition of direct material B. Normal spoilage is 5% of good units. For March the company had the following activities:

Required:
Prepare a production cost worksheet assuming that spoilage is recognized and the weighted-average method is used.

Quizplus · Accepted Answer

The Answer of Wilson Sports uses a process costing system. Direct material A is placed into production at the beginning of the process, while direct material B is placed into production at the end of the process. Inspection occurs at the end of the process, before the addition of direct material B. Normal spoilage is 5% of good units. For March the company had the following activities:

Required:
Prepare a production cost worksheet assuming that spoilage is recognized and the weighted-average method is used.

Wilson Sports Uses a Process Costing System