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Mundes Corporation uses the welghted average method in its process costing system. The beginning work in process Inventory In Its Painting Department consisted of 3,400
Mundes Corporation uses the welghted average method in its process costing system. The beginning work in process Inventory In Its Painting Department consisted of 3,400 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process Inventory in the department was recorded as $10,200. During the period, 9,400 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $5.40 for material and $6.40 for conversion costs. The cost of units transferred out during the month was: Multiple Choice o $60.160 $66,000 O $10.920 O $83,600
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