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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?
$704,309.04
$193,920.00
$526,210.00
$720,130.00
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