Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 13,000 units, 100% complete with respect to materials cost and 20% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $23,200. A total of 43,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.60 for materials and $3.40 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice $185,760 $241,920 $215,000
Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 13,000 units, 100% complete with respect to materials cost and 20% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $23,200. A total of 43,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.60 for materials and $3.40 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice $185,760 $241,920 $215,000
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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