Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning...

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Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in th

The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. What are t

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Answer 1

Answer #1


For the weighted average costing system, the total goods transferred out will be considered
at 100% status. We will not differentiate the opening stock and goods transferred out from
the current production cycle.

Opening stock	900
Units started	7,300
Total	8,200
Units transferred out	(6,600)
Closing stock	1,600


	Units	Completion status	Equivalent units
Stock transferred out	6,600	100%	6,600
Closing stock	1,600	75%	1,200
		Total	7,800

Hence option D is correct.

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Answer 2

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