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.
- 211 units in beginning WIP (27% complete with respect to conversion costs).
- 11,221 units started
- 117 units in ending WIP (25% complete with respect to conversion costs).
- $11 direct material cost per equivalent unit
- $18 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)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial & Managerial Accounting, 1, 2 Terms (12 Months)
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
133727075X, 9781337270755
