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During March, the following costs were charged to the manufacturing department: $14,886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show
During March, the following costs were charged to the manufacturing department: $14,886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show that 30,680 units were completed and transferred, while 2,400 remained in ending inventory. There were 33,080 equivalent units of material and 31,640 of conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work in process inventory? (need solution box filled)
PA4. LU 5.3 During Valli, uc TONOWbouw materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show completed and transferred, while 2,400 remained in ending inventory. There were 33,080 material and 31,640 of conversion costs. Using the weighted-average method, what is the transferred and the balance in work in process inventory? Solution Total Materials Conversion Transferred out Ending work in process Total Costs Cost per unit Costs accounted for Transferred out Work in process: materials Work in process: conversion Work in process: total Costs accounted forStep by Step Solution
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