Douglas Toys is a manufacturer that uses the weighted-average process costing me

Question

Douglas Toys is a manufacturer that uses the weighted-average process costing method to account for costs of production It produces a plashc toy in three separate departments: Molding. Assembing. and Finishing. The follawing int Finishing The following information was abtaned for the Assembing Department for the month of September Work in process on September 1 had 109,000 units made up of the foiloaing oegree ct Amourt Completion Pnor department costs transferred in from the Molding Department Costs added by the Assembling Department 5 150,420 100% Direct materials Direct labor Manufacturing overhead $ 87 200 18,006 s 145,724 $ 256 144 70% 50% in process, September 1 Dsing September 509,000 unns were transterred in from the Molcing Department at a cost of 5702,420 The Asse 420 The Assembing Departiment added the folowing costs 5 390 480 Direct materias Cirect labor Manufactunng overhead 108 144

Explanation / Answer

DOUGLAS TOYS Assembling department Production Cost Report-Weighted Average Flow of production units Physical Units Units to be accounted for: Beginning WIP Inventory 109,000 Units started this period 509,000 Total Units to be accounted for 618,000 Units accounted for: Units completed and transferred out From begining inventory 109,000 Started and completed currently 300,000 Total transferred out 409,000 Units in ending WIP inventory 209,000 Total Units accounted for 618,000 Equivlent Units Physical Units Equivlent Units-- Prior department cost Material   Labour Manufacturing overhead Units completed and transferred out 409,000 409,000 409,000 409,000 409,000 Ending Work in process 209,000 209,000 188,100 167,200 83,600 Total Equivlent Units 618,000 597,100 576,200 492,600

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