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Materials are added at the start of process and conversion costs are added evenly throughout. At the start of March WIP was 40% complete for conversion with material costs of 10000 and conversion cost of 60000.

Beginning WIP inventory-2000 units .Units started during the month the month - 15000 units .Units transferred to finish goods - 10000 units. ending WIP was 80% complete direct material cost - 500000. conversion cost - 751200

1. Prepare the production cost report for march using weighted average method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92751567

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