Question
Arvin Corporation uses the weighted-average method in its process costing system. Work in process inventory at start in a particular department consisted of 11,000 units,
Arvin Corporation uses the weighted-average method in its process costing system. Work in process inventory at start in a particular department consisted of 11,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost work in process inventory at start was Rs. 22,400. A total of 45,000 units were transferred out of the department during June. The costs per equivalent unit were computed to be Rs. 1.20 for materials and Rs.3.40 for conversion costs.
The total cost of the units completed and transferred out of the department was:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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