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Ritchie Company has two departments

Management

Ritchie Company has two departments. Its first department (the Melting Department) shows the following data for the month of April:

Work in process, beginning:

 

Units in process

400

Stage of completion with respect to materials

60%

Stage of completion with respect to conversion

85%

 

Costs in the beginning inventory:

 

   Materials cost

$170

   Labour cost

$160

   Overhead cost

$300

 

 

 

Units started into production during the month

1,100

Units completed and transferred out

1,400

 

Costs added to production during the month:

 

   Materials cost

$1,300

   Labour cost

$800

   Overhead cost

$1,700

 

Work in process, ending:

 

    Units in process

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    Stage of completion with respect to materials

70%

    Stage of completion with respect to conversion

80%

 

Required:

Using the weighted average method, prepare a production cost report for the company.

 

 

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