Question
The following information relates to the assembly department of Jataca Corporation for the month of November. Jataca uses a weighted-average process costing system. All materials
The following information relates to the assembly department of Jataca Corporation for the month of November. Jataca uses a weighted-average process costing system. All materials at Jataca are added at the beginning of the production process. Work in process, November 1 = 4,000 units, 40% complete conversion cost. Units started into production = 317,000 units. Work in process, November 30 = 10,000 units, 90% complete conversion cost. On November 1, the work in process inventory account contained $6,400 of material cost and $4,400 of conversion cost. Cost per equivalent unit for November was $1.50 for materials and $2.80 for conversion costs. What total amount of cost should be assigned to the units transferred out during November? $1,337,300. $1,348,100. $1,369,500. $1,380,300.
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