Walbin Corporation uses theweighted-average method in its process costing system. Thebeginning work in process...
Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 18,500 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 $ 25,400. A total of 54,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $ 1.70 for materials and $ 3.40 for conversion costs. The total cost of the units completed and transferred out of the department was:
Mulitple Choise
$275,400
$320,450
$238.880
$289.000
Homework Answers
Ans: (A) $ 275,400
Explanation:
Weighted Average Method:
| Material | Conversion | Total | |
| Units transferred to the next department (a) | 54000 | 54000 | |
| Cost per equivalent unit (b) | $ 1.70 | $ 3.40 | |
| Cost of units completed and transferred out (a) × (b) | $91800 | $183,600 | $275,400 |
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