The Laramie Factory produces expensive boots. It has two departments that process all the items. During January, the beginning work in process in the tanning department was 40% complete as to conversion and 100% complete as to direct materials. The beginning inventory included $6,000 for materials and $18,000 for conversion costs. Ending work-in-process inventory in the tanning department was 40% complete. Direct materials are added at the beginning of the process.
Beginning work in process in the finishing department was 60% complete as to conversion. Beginning inventories included $7,000 for transferred-in costs and $10,000 for conversion costs. Ending inventory was 30% complete.
Additional information about the two departments follows:
| Tanning | Finishing | |
| Beginning work-in-process units | 5,000 | 4,000 |
| Units started this period | 14,000 | ? |
| Units transferred this period | 16,000 | 18,000 |
| Ending work-in-process units | ? | 2,000 |
| Material costs added | $18,000 | ? |
| Conversion costs | 32,000 | $19,000 |
| Transferred-out cost | 50,000 | ? |
Required:
Prepare a production cost worksheet using weighted-average costing for the finishing department.
