Question
Aaron Company applies the weighted average method. The Molding Department reported the following information for March. Units Percent complete with Percent complete with respect to
Aaron Company applies the weighted average method. The Molding Department reported the following information for March.
Units Percent complete with Percent complete with
respect to materials respect to conversion
Work in process, March 1 12,000 100% 70%
Units started 20,000
Units completed and transferred out 30,000
Work in process, March 31 2,000 80% 75%
Costs for March Materials Conversion
Work in process, March 1 $53,000 $170,000
Added during the month $105,000 $208,000
Compute the total cost assigned to units transferred out by the Molding Department during March.
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