Question
Trapp Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 6,000 units
Trapp Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 6,000 units that were 80% complete with respect to materials and 70% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $13,000. During the period, 12,000 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $2.6 for material and $3.6 for conversion costs. The cost of units transferred out during the month was: |
A.$68,160
B.$92,160
C.$61,440
D.$74,400
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