Durable Tractor Company manufactures small tractors on an assembly-line basis.The units are started in Department Y.On January 1 of this year,the Work-in-Process inventory of department Y consisted of 400 units 100% complete as to materials and 20% complete as to conversion.During the month,800 units were started and 600 units were completed and transferred out.The Work-in-Process on January 31 was 100% complete as to materials and 40% complete as to conversion.
Costs in process at the beginning of the period amounted to $100,000 for materials and $25,000 for conversion.Costs added during the period were materials costs of $200,000 and conversion costs of $143,000.
Required: Prepare a production cost report using the weighted-average method.

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The Answer of Durable Tractor Company manufactures small tractors on an assembly-line basis.The units are started in Department Y.On January 1 of this year,the Work-in-Process inventory of department Y consisted of 400 units 100% complete as to materials and 20% complete as to conversion.During the month,800 units were started and 600 units were completed and transferred out.The Work-in-Process on January 31 was 100% complete as to materials and 40% complete as to conversion.
Costs in process at the beginning of the period amounted to $100,000 for materials and $25,000 for conversion.Costs added during the period were materials costs of $200,000 and conversion costs of $143,000.
Required: Prepare a production cost report using the weighted-average method.

Durable Tractor Company Manufactures Small Tractors on an Assembly-Line Basis