Hutchcroft Corporation uses the weighted-average method in its process costing. The following dataconcern the company's Assembly Department for the month of June.Materials$ 29.301,130Conversion$ 32.10475Cost per equivalent unitEquivalent units in ending work in processDuring the month, 7,200 units were completed and transferred from the Assembly Department to thenext department.Required:Determine the cost of ending work in process inventory and the cost of units transferred out of thedepartment during June using the weighted-average method. (Round your answers to 2 decimalplaces.)MaterialsConversion$ 33,109.00 $ 15,248.00$ 210,960.00 $ 231,120.00Cost of ending work in process inventoryCost of units completed and transferred out

Answered: Tvalent unit nits in endir nth, 7,200…

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Accounting

Tvalent unit nits in endir nth, 7,200 un

Principles of Accounting Volume 2

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ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 6PA: Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in...

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Question

Hutchcroft 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
$ 29.30
1,130
Conversion
$ 32.10
475
Cost per equivalent unit
Equivalent units in ending work in process
During the month, 7,200 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. (Round your answers to 2 decimal
places.)
Materials
Conversion
$ 33,109.00 $ 15,248.00
$ 210,960.00 $ 231,120.00
Cost of ending work in process inventory
Cost of units completed and transferred out

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