(Answered) Prepare the production report section 1 2 3 from the

Accounting

Prepare the production report (section 1, 2, 3) from the following information:

Work in process, Sep 1: 500 units

Materials: 60% complete. $9,500

Conversion: 40% complete. 5,500

Production started during Sep: 5,000 units

Production completed during Sep: 4,800 units

Costs added to production in Sep

Materials cost $400,600

Conversion cost 375,400

Work in process, Sep 30: 700 units

Materials 30% complete.

Conversion 20% complete.

Required:

Prepare a production cost worksheet with supporting schedules using the weighted-average method of process costing.

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