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Washburn Inc. manufactures precision tools in two departments molding and finishing. Washburn uses the weighted average method Manufacturing costs are added uniformly throughout the process

Washburn Inc. manufactures precision tools in two departments: molding and finishing. Washburn uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the molding department for June: Production: Units in process, June 1, 50% complete..........................15,000 Units completed and transferred out............................102,000 Units in process, June 30, 60% complete........................30,000 Costs: WIP, June 1.......................................................$ 180,000 Costs added during June.......................................3,420,000 Required: Prepare a production report for the molding department.

Apr 07 2020 View more View Less

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