Question
15) Lorona Inc. has provided the following data concerning the Assembly Department for the month of April. The company uses the weighted-average method in its
15) Lorona Inc. has provided the following data concerning the Assembly Department for the month of April. The company uses the weighted-average method in its process costing.
| Materials |
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| Conversion |
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Cost per equivalent unit | $ | 8.10 |
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| $ | 28.50 |
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Equivalent units in ending work in process |
| 1,330 |
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| 1,235 |
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During the month, 7,400 units were completed and transferred from the Assembly Department to the next department.
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during April using the weighted-average method.
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