V. Process Costing - Weighted Average
Ebony Company uses the weighted-average method of process costing to assign production costs to the products. Information for April follows. Assume that all materials are added at the beginning of the production process, and that direct labor and factory overhead are added uniformly throughout the process
Using the format illustrated on the next page, complete a process cost summary using the following sections:
1. Costs charged to production
2. Unit cost information
3. Equivalent units of production
4. Cost per Equivalent unit of production
5. Cost assignment and reconciliation