Assume inspection takes place at 100% complete and that this is the last department in the production process. Assume further that direct material consists of packaging that is added at the very end of the process.

Note: For this question, there is no need to calculate equivalent units or costs per unit because the cost per unit is provided.

Conversion

Unit Information: Units . % Complete

Beginning WIP inventory 3,000 40%

Units transferred-In 15,000

Units completed 14,000

Normal spoilage 1,400

Abnormal spoilage 600

Ending WIP inventory 2,000 30%

Assume the following costs per unit:

Transferred In Direct Material Conversion Total

W.A. Cost per unit . $5.00 $6.00 $7.00 $18.00

Other cost information:

Transferred In Direct Material Conversion Total

Beginning WIP cost $11,250.00 $0.00 $4,550.00$15,800.00

Current cost

 

Total

 

Using the weighted average method, determine the total amount that will be transferred from work-in-process to finished goods inventory for the goods that have been completed.