Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department, with conversion costs being incurred evenly throughout the grinding process. The work-in-process T-account for the Grinding Department for May follows:
The May 1 work-in-process inventory consists of $16,600 in materials cost and $8,400 in labour and overhead cost. The company uses the weighted average cost method to account for units and costs.
Required:
1. Prepare a production report for the Grinding Department for the month.
2. What criticism can be made of the unit costs that you have computed on your production report?
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