Amana Woolens is a manufacturer of wool cloth. The information for February is as follows:
Beginning work-in-process was half converted as to labour and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work-in-process was 60 percent complete.
Required:
Using the weighted-average method determine the assignment of costs to units transferred-out and ending inventory.

Question

Amana Woolens is a manufacturer of wool cloth. The information for February is as follows:
   Beginning work-in-process was half converted as to labour and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work-in-process was 60 percent complete.
Required:
Using the weighted-average method determine the assignment of costs to units transferred-out and ending inventory.

Quizplus · Accepted Answer

The Answer of Amana Woolens is a manufacturer of wool cloth. The information for February is as follows:
   Beginning work-in-process was half converted as to labour and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work-in-process was 60 percent complete.
Required:
Using the weighted-average method determine the assignment of costs to units transferred-out and ending inventory.

Amana Woolens Is a Manufacturer of Wool Cloth