Question
Zelda Corporation uses weighted- average method in its processing costing system. Data concerning the first department of the company, for the month of August, are
Zelda Corporation uses weighted- average method in its processing costing system. Data concerning the first department of the company, for the month of August, are given below: Beginning Inventory 400 units The beginning work in process inventories were 55% completed in relation to material and had a cost of $13,200 , and 75% completed in relation to conversion and had a cost of $21,300. 7,800 units were sent into production, in the month of August. During the month, a total of 7,900 units were 100% completed and transferred into the next department. The ending work in process inventory were completed at 60% and 65% , in relation to material and conversion, respectively. The total cost of production added during the month were $511,000 in relation to material cost and $478,382, in relation to conversion cost. Required: a. Calculate the cost of the units completed to transfer into the next department of Zelda Corporation and the cost of the ending work in process inventory in the first department.
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