Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Environmental Audit Primer Student Guide

Authors: Velsoft Training Materials, Inc.

1st Edition

1774550393, 978-1774550397

More Books

Students also viewed these Accounting questions