Part 1

Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 3,900 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 $10,700. During the period, 9,900 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $5.90 for material and $6.90 for conversion costs. The cost of units transferred out during the month was:

Multiple Choice

• $68,310

• $67,000

• $126,720

• $84,600

Part 2

In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $32,000 and ending work in process inventory of $38,000. During the month, $255,000 of costs were added to production and the cost of units transferred out from the department was $249,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:

Multiple Choice

• $70,000

• $287,000

• $574,000

• $542,000