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14. Wit Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of
14. Wit Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production process follows: Work in process, beginning Current costs added. Total costs Equivalent units.. Costs per equivalent unit.. Goods completed...... Work in process, ending.. Materials $ 4,000 20.000 $24,000 100,000 A. B. C. D. $0.24 90,000 units 10,000 units Material costs are added at the beginning of the process. The ending work in process is 50% complete with respect to conversion costs. How would the costs be distributed? Conversion $3,000 16,000 $19,000 95,000 $0.20 Goods completed and transferred out Ending work in $39,600 $3,400 $39,600 $4,400 S43,000 $0 $44,000 $3,400 process
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