MCBC Enterprise makes Christmas trees in two departments Cutting and Boxing. In the Cutting Department, wire wrapped with green needles is placed into production at the beginning of the process and is cut to various lengths, depending on the size of the trees being made. The branches are then transferred to the Boxing Department where the lengths are separated into the necessary groups to make a tree. These are then placed in boxes and immediately sent to Finished Goods. The following data are available related to the October 2015 production in each of the two departments: Units Percent of Completion Transferred In Material Conversion Cutting Department Beg Work in Process Invty Started in process Started in Process Boxing Department Beg Work in Process Invty Transferred in Started in Process 8,000 36,000 3,600 2,500 1,200 Transferred in COSTS Material Conversion Cutting Department Beg Work in Process Invty Current Period N/A N/A P 293,000 1,379,000 P80,000 1,293,440 Boxing Department Beg Work in Process Invty Current Period P 166,420 P 8,400 246,120 383,640 Requirements: a. Prepare a cost of production report for the Cutting Department assuming a weighted average method b. Using the data developed from part (a), prepare a cost of production report for the Boxing Department, also using the weighted average method.
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