Withbrse Compsny uses the waighted-averaze process cost 5 yatam, The Molding Department adda matarial: at the beainning of the procests and corversion costs ars incurred uniformly throughout the procase. Wark in Process Invantory on Mary 1 was 7556 camplete ss to convarsion costs and Work in Procses Inventory on Msy 31 was 60% complata for cormarrion ecsts.
Complete the Production Cost Report for the Molding Department for tha month of May using the atove information and the informetion bsilow. (Round unit costs answers to 2 decimal ploces, eg 5275 .)
able[[wantities, able[[Physical],[Units]]],[fits to te zcosuntes for,],[Workin process Mar 1,9,760],[hrad into groduction,59,040],[thants,4E.B000]]
Eavivient Units
Mat xctountes for
JSTS
Moterials
Comersion
Costs
To
dritersts
Cosse in Mo:
Equvalsnt units
Lhit esses
ves to tratroumbad for
Varkin proposs, May 1
tartsel into productign
tal eosts
vet Regeonciliation Sched Lule
vats pocoulinted for
Sompleted ane transfierrsd out
3
Varkin process, Mov 31
Matarials
Convarsion eosts
tal carts
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Wildhorse Company uses the weighted-average procass cost system.Tha Molding Dapartmant adds matarials at the baginninz of the process and conversion costs are incurred uniformly throughout the procass.Work in Procass Invantory on May 1was 75%complate s to conversion costs and Work in Process Inventory on May31was 60complata for corvarsion costs Complete the Production Cost Report for the Molding Dapartmant for tha month of May using the abava information and tha information below.(Round unit costs onswers to2decimal placese.g52.75.)
WILDHORSECOMPANY Molding Department Production Cost Report
Forthe Month Ended May31,2022
Equivalent Unit:
Physical Units
Comversion Costs
Materials
Vorkin processMay
9,760
carted into productior
39,040
talunits aits accountadfor
48,800
sompletedandtransfarredout
42,700
Vorkin procss,May31
6,100
talunits
48,800
Corversion Costs
JSTS
Materials
Jnit.coats
Cortsin May
$170,800
$197,030
Unitcosts
ststobeaccountedfo
Norkinprocss,May
carted into production
tal costs
st Reconciliation Schedule
ists accountad for
Somplated and tranafarred out
Nork in process,May 31
Materials
Convarsion costs
tal.costs
Corrected Texts:
Wildhorse Company uses the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in Process Inventory on May 1 was 75% complete as to conversion costs and Work in Process Inventory on May 31 was 60% complete for conversion costs.
Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. (Round unit costs answers to 2 decimal places, e.g. 52.75.)
able[[quantities, able[[Physical],[Units]]],[costs to the accounts for,],[Work in process May 1,9,760],[started into production,59,040],[total,48,800]]
Equivalent Units
Material Counts for
JSTS
Materials
Conversion
Costs
To
Directs
Costs in May:
Equivalent units
Lights
Vests to transferred for
Work in process, May 1
Transferred into production
Total costs
Net Reconciliation Schedule
Vats accounted for
Completed and transferred out
3
Work in process, May 31
Materials
Conversion costs
Total costs
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Wildhorse Company uses the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in Process Inventory on May 1 was 75% complete as to conversion costs and Work in Process Inventory on May 31 was 60% complete for conversion costs. Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information