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Yiimron Corporation uses the weighted-average method in its process costing system. Information for the month of March concerning Department A, the first stage of the
Yiimron Corporation uses the weighted-average method in its process costing system. Information for the month of March concerning Department A, the first stage of the company's production process: ......................................................Materials...........Conversion Cost Work in process, beginning........................$4,000............$3,000 Costs added during March........................$20,000............$16,000 Cost per equivalent unit...........................$0.24.............$0.20 Units completed and transferred to the next department.................................90,000 units Work in process, ending........................10,000 units Materials are added at the beginning of the process. The ending work in process is 50% complete with respect to conversion costs. What cost would be recorded for the ending work in process inventory? The answer is $3,400. I just need help on setting up the equation. Thanks in advance
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