18) Trapp Corporation uses the weighted-average method in its process costing sy

Question

18) Trapp Corporation uses the weighted-average method in its process costing system. The 18) beginning work in process inventory in its Painting Department consisted of 3,000 units that were 700% complete with respect to materials and 60% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $10,000. During the period, 9,000 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $2.00 for material and $3.00 for conversion costs. The cost of units transferred out during the month was B) $39,600 $45,400D)3 D) $35.400 A) $45,000

Explanation / Answer

the answer is option C 45,400 $

supporting working note:

Begning inventory 3000 units

cost of completion of balance 30 % [ 3000 * (2 * 30 %) ] = 1800 $

cost of completion of balance 40% [ 3000 * (3 * 40 %) ] = 3600 $

Therefore total cost to complete 3000 units in begning inventory work in process = 10,000 + 1,800 $ + 3,600 $ = 15,400 $

total cost of inventory transfereed during the period = 9000 units

calculation of cost of units transfered

cost of3000 units from begning inventory work in process 15,400 + cost of 6000 units completed during the period : material - 6000 units * 2 $ 12,000 conversion - 6000 units * 3 $ 18,000 30,000 total cost of 9000 units tranfered in the month 45,400

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