During the current period, Department A finished and transferred 50,000 units to

Question

During the current period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were 1/5 complete at the beginning of the period and 30,000 were started and completed during the period. Also during the period, 10,000 units were started but brought only to a stage of being 3/5 complete. If the Department A overhead beginning inventory was $10,333 and $13,000 of overhead was charged to Department A during the period, how much overhead should be allocated to the ending goods in process inventory, assuming the company uses the weighted average method?



A. -

B. -

C. -

D. -

E. -

Explanation / Answer

20,000 (from beginning) 30,000 (started and completed) 6,000 (ending inventory 3/5*10000) =56,000 overhead: 10,333 13,000 = 23,333 (23,333/56,000)*6,000 = $2,499.96 answer: $2,499.96

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