Ok Corporation uses the weighted-average method in its process costing. The foll
ID: 2423750 • Letter: O
Question
Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.
During the month, 7,900 units were completed and transferred from the Assembly Department to the next department.
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method.
Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.
Explanation / Answer
Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.
During the month, 7,900 units were completed and transferred from the Assembly Department to the next department.
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method.
Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.
Materials Conversion Cost per equivalent unit $32.10 $27.80 Equivalent units in ending work in process 1,590 590During the month, 7,900 units were completed and transferred from the Assembly Department to the next department.
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method.
Ending Work in Process Inventory Materials Conversion Total Cost per equivalent unit (a) $32.10 $27.80 Equivalent units in ending work in process(b) 1,590 590 Cost of Ending work in Process Inventory(a x b) $51,039.00 $16,402.00 $67,441.00 Units Completed and Transfered Out Units Transfered to next Department(a) 7,900 7,900 Cost per equivalent unit (b) $32.10 $27.80 cost of units transferred out (a x b) $253,590.00 $219,620.00 $473,210.00Related Questions
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