Question
Hardouin Company uses the weighted-average method in its process costing system. Its costing system uses two cost categories: direct materials and conversion costs. Data for
Hardouin Company uses the weighted-average method in its process costing system.
Its costing system uses two cost categories: direct materials and conversion costs.
Data for the first processing department, the Welding Department, for March 2022 are as follows:
Work in process, beginning inventory
(20% complete with respect to materials, 50% complete with respect to conversion costs) 22,000 units
Units started during March 2022 97,000 units
Work in process, ending inventory
(50% complete with respect to materials, 20% complete with respect to conversion costs) 18,000 units
Costs in Work in process, beginning inventory:
Direct materials $12,000
Conversion costs $64,176
Costs added during March 2022:
Direct materials $199,200
Conversion costs $480,790
What amount of product costs are assigned to the units that were completed and transferred out of the Welding Department during March 2022?
$193,920.00
$704,309.04
$526,210.00
$720,130.00
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