Question
TB Problem Qu. 4-132 Hutchcroft Corporation uses the weighted-average ... Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the
TB Problem Qu. 4-132 Hutchcroft Corporation uses the weighted-average ...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the companys Assembly Department for the month of June.
Materials | Conversion | ||||||
Cost per equivalent unit | $ | 28.30 | $ | 31.10 | |||
Equivalent units in ending work in process | 1,030 | 425 | |||||
During the month, 7,000 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. (Round your answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started