Beginning work in process 20000units
Units started 40000units
Units Completed 50000units
Ending work in process 8000units
Spoilage 2000units
Beguinig work in Process
Direct Material $12000
Conversion Cost $ 4000
Direct Material added durin month $60000
Conversion costs $30000
Additional information
Material is added at the beginning of the process
All spoilage is detected at en of the process.Normal spoilage is 5% of good units transferred out
Beginnig work in process inventory is 50% and ending work in process is 60% for conversion costs
Required
a. Prepared a production cost worksheet using the weighted
average method
b. Prepared the entry for the costs assignment