Hello. I need help finding the cost of units transferred to the next department.

Question

Hello. I need help finding the cost of units transferred to the next department.

The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $17,400 of direct materials. Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar. Cost of beginning work in process inventory completed in November. Cost of units transferred to the next department during November

Explanation / Answer

Units transferred out = 1200+8300 - 900

= 8600 units

..

Units both started and completed during the current period = 8600-1200

= 7400 units

..

Next, find cost per equivalent unit.

Units both started and completed during the current period = 8600-1200

= 7400 units

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