Question
Sarver Company uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below
Sarver Company uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March:
Units Percentage complete
Beginning work in process inventory 6,000 70%
Transferred in from the prior department during March 50,500
Ending work in process inventory 5,000 30%
The Fitting Department's production report indicates that the cost per equivalent unit for conversion cost for March was $8.24.
How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
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