Product Cost Report - Weighted Average Method
Somez Manufacturing Corporation produces a dandruff shampoo in three consecutive processes. The costs of Department 1 for June were as follows:
| Cost of beginning inventory | $8,250 |
| Direct material | $8,250 |
| Total Ending Inventory Complete/Transferred Required method for process costing. Units in processJune 30 Units transferred to Department 246,000 Units started in Department 1 Units in process, June 1 Direct labor Direct material Costs added in Department 1 Conversion costs Direct material Department 1 handled the following units during June Manufacturing overhead233,1001,106,055 Cost of beginning inventory ez Manufacturing Cor Prepare the product cost report for Department 1 for June. 1,000 45,000 2,000 537,450 $335.505 $8,250
Product Cost Report - Weighted Average Method
Product Cost Report Work 19.110 oration Department 1 Direct Conversion Conversion Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number Somez Manufacturing Corporation produces a dandruff shampoo in three consecutive processes. The costs of Department 1 for June were as follows: On average he une units were 40% complete; he une 30 units were 70% complete. Direct materials are added at the beginning of the process, and conversion costs occur evenly throughout the process in Department 1. Gome uses the weighted average.
