PA3-3 Preparing a Process Costing Production Report (Weighted-Average Method) [LO 3-2, 3-3, 3-4] Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost Total current period costs Units 117,800 243,000 334,800 ? Costs $ 192,000 344,000 $ 536,000 $ 507,400 648,000 $1,155,400 Required: 1 & 2. Using the weighted-average method of process costing, complete each of the following steps:

PA3-3 Preparing a Process Costing Production Report (Weighted-Average Method) [LO 3-2, 3-3, 3-4] Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost Total current period costs Units 117,800 243,000 334,800 ? Costs $ 192,000 344,000 $ 536,000 $ 507,400 648,000 $1,155,400 Required: 1 & 2. Using the weighted-average method of process costing, complete each of the following steps:

Name: PA3-3 Preparing a Process Costing Production Report (Weighted-Average
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Description: PA3-3 Preparing a Process Costing Production Report (Weighted-Average Method) [LO 3-2, 3-3, 3-4]Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning ofthe manufacturing process.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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