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Welding department Units WIP, October 1 (85% material; 60% conversion) 4,300 Units started in October 10,000 Units completed and transferred to assembling 9,500 WIP, October
| Welding department | ||
| Units | ||
| WIP, October 1 (85% material; 60% conversion) | 4,300 | |
| Units started in October | 10,000 | |
| Units completed and transferred to assembling | 9,500 | |
| WIP, October 31 (75% material, 40% conversion) | 4,800 | |
| Costs | ||
| WIP, October 1 | ||
| Materials (85% complete) | $673,500 | |
| Conversion (60% complete) | $341,640 | |
| WIP value, October 1 | $1,015,140 | |
| Costs incurred in October | ||
| Materials | $864,960 | |
| Conversion | $463,840 | |
| Costs incurred in October | $1,328,800 | |
| Total costs | $2,343,940 | |
| What is the value of goods transferred out of welding in October? | ||
| What is the ending value of welding WIP on October 31? | ||
| What is the cost of a single, completed unit transferred out of welding? | ||
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