Bettie Corporation uses a weighted-average process costing system to collect cos
ID: 2390566 • Letter: B
Question
Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October:
All materials at Bettie are added at the beginning of the production process.
What total amount of cost should be assigned to the units completed and transferred out during October?
Multiple Choice
$677,500
$642,000
$691,900
$690,000
Materials Conversion Units completed and transferred out 50,000 50,000 Equivalent units: work in process, October 31 10,000 4,000 Total equivalent units 60,000 54,000Explanation / Answer
$690,000 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Materials Conversion Total Total cost 252,000.00 518,400.00 770,400.00 Equivalent units 60,000.00 54,000.00 Cost per equivalent unit 4.20 9.60 Units completed and transferred out 50,000.00 50,000.00 Cost per equivalent unit 4.20 9.60 Cost of units completed and transferred out 210,000.00 480,000.00 690,000.00 $690,000 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Materials Conversion Total Total cost 252,000.00 518,400.00 770,400.00 Equivalent units 60,000.00 54,000.00 Cost per equivalent unit 4.20 9.60 Units completed and transferred out 50,000.00 50,000.00 Cost per equivalent unit 4.20 9.60 Cost of units completed and transferred out 210,000.00 480,000.00 690,000.00
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