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Unit Cost, Valuing Goods Transferred Out and EWIP During April, the grinding department of Tranx Inc. completed and transferred out 320,000 units. At the end
Unit Cost, Valuing Goods Transferred Out and EWIP During April, the grinding department of Tranx Inc. completed and transferred out 320,000 units. At the end of April, there were 160,000 units in process, 60% complete Trenx incurred manufacturing costs totaling $2,496,000 Required: 1. Calculate the unit cost per unit 2. Calculate the cost of goods transferred out and the cost of ending WIP Cost of goods transferred out Cost of ending WIP
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