1. Curtis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for October:

Molding Grinding Finishing
Department Department Department
Direct materials $71,600 $ 7,600 $4,900
Direct labor 4,600 11,200 7,600
Applied overhead 7,000 54,400 7,600

During October, 6,000 components were completed. There is no beginning or ending WIP in any department.

Required:

1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost.

2. Calculate the unit cost.

2. Equivalent units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process.

The cooking department had the following data for the month of March:

Units in BWIP ---
Units completed 4,800
Units in EWIP (40 percent complete) 500
Total manufacturing costs $9,000

Required:

1. What is the output in equivalent unit for March?

2. What is the unit manufacturing cost for March?

3. Compute the cost of goods transferred out for March.

4. Calculate the value of March's EWIP.

3. Weighted Average Method, Equivalent Units.
Lambert Company produces a product where all manufacturing inputs are applied uniformly. Lambert produced the following physical flow schedule for April:

Units to account for
Units in BWIP (40 percent complete) 45,000
Units started 105,000
Total units to account for 150,000
Units accounted for:
Units completed:
From BWIP 30,000
Started and completed 96,000
126,000
Units, EWIP (75 percent complete) 24,000
Total units accounted for 150,000

Required:

Prepare a schedule of equivalent units using the weighted average method.

4. Production Report

Alfombra Inc, manufactures throw rugs. The throw rugs department weaves cloth and yarn into throw rugs of various sizes. Alfombra uses the weighted average method. Materials are added uniformly throughout the weaving process. In August, Alfombra switched from FIFO to the weighted average method. The following data are for throw-rug department for August:

Production:

Units in process, August 1, 60 percent complete 50,000
Units completed and transferred out 150,000
Units in process, August 31, 60 percent complete 50,000

Costs:

WIP, August 1 $180,000
Current costs 756,000
Total $936,000

Refer to the information for Alfombra Inc. above. The owner of Alfombra insisted on a formal report that provided all the detail of the weighted average method. In the manufacturing process, all materials are added uniformly throughout the process.

Required:

Prepare a production report for the bath linens department for August using the weighted average method.