Question
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.
- 235 units in beginning WIP (44% complete with respect to conversion costs).
- 9,925 units started
- 237 units in ending WIP (27% complete with respect to conversion costs).
- $16 direct material cost per equivalent unit
- $11 conversion cost per equivalent unit
What is the department's total cost of units completed and transferred out (round final answer to nearest cent if necessary)?
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Corporate Governance A Pragmatic Guide For Auditors Directors Investors And Accountants Internal Audit And IT Audit
Authors: Vasant Raval
1st Edition
0367862751, 978-0367862756
