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8. Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Materials
8.
Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. |
Materials | Conversion | |
Cost per equivalent unit | $ 32.40 | $ 28.10 |
Equivalent units in ending work in process | 1,620 | 620 |
During the month, 8,200 units were completed and transferred from the Assembly Department to the next department. |
Required: |
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. (Omit the "$" sign in your response.) |
Total amount | |
Cost of ending work in process inventory | $ |
Cost of units completed and transferred out | $ |
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