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Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Materials Conversion
Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. |
Materials | Conversion | |
Cost per equivalent unit | $ 32.10 | $ 27.80 |
Equivalent units in ending work in process | 1,590 | 590 |
During the month, 7,900 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. |
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