Question
Price Company produces grape juice in a continuous process. The company employs a weighted average process costing system. Data concerning activity in January for a
Price Company produces grape juice in a continuous process. The company employs a weighted average process costing system. Data concerning activity in January for a department at the company are given in the table below.
| Direct Materials | Conversion Costs | |
| Equivalent units in ending work-in-process, January 31 | 4,000 | 3,000 |
| Costs per equivalent unit | $15.00 | $4.50 |
A total of 80,000 completed units were transferred out of this department during January. The total cost of the units completed and transferred out:
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-0078025365
