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Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the companys Assembly Department for the month of June. Materials Conversion
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the companys Assembly Department for the month of June.
Materials | Conversion | ||||||
Cost per equivalent unit | $ | 25.30 | $ | 28.10 | |||
Equivalent units in ending work in process | 730 | 275 | |||||
During the month, 6,400 units were completed and transferred from the Assembly Department to the next department.
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. (Round your answers to 2 decimal places.)
Materials | Conversion | |
Cost of ending work in process inventory | ||
Cost of units completed and transferred out |
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