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Using the weighted-average method, assign direct materials costs to the molding departments output-specifically, the units transferred out to the packaging department and the units that
Using the weighted-average method, assign direct materials costs to the molding departments output-specifically, the units transferred out to the packaging department and the units that remain in process in the molding department at month end.
Required information Use the following information for the Quick Study below. (The following information applies to the questions displayed below.) Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning of the month, the molding department has 4,200 units in inventory, 70% complete as to materials. During the month, the molding department started 29,000 units. At the end of the month, the molding department had 6,300 units in ending inventory. 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: Beginning work in process inventory (direct materials) Direct materials added during the month $ 3,400 49,900 Using the weighted average method, assign direct materials costs to the molding department's output-specifically, the units transferred out to the packaging department and the units that remain in process in the molding department at month-end. (Do not round intermediate calculations.) Weighted Average Method Direct Materials Costs of units transferred out Direct materials Costs of ending work in process Direct materials Total costs assigned Step by Step Solution
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