Ok Corporation uses the weighted-average method in its process costing. The foll

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. Cost per equivalent unit Equivalent units in ending work in process Materials Conversion S 31.30$27.00 1,510 510 During the month, 7,100 units were completed and transferred from the Assembly Department to the next department Required Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. (Omit the "$" sign in your response.) Total amount Cost of ending work in process inventory Cost of units completed and transferred out

Explanation / Answer

Calculate cost :

Cost of ending work in process inventory (1510*31.30+510*27) 61033 Cost of units completed and transferred out (31.30+27)*7100 413930

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