Question

MHE ter 4 Quiz 5 Help Save&Exit Submit Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory ina 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 the month. The costs per equivalent unit were computed to be $160 for materials and $3.40 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice $215,000 $241,920 < Prev sof 24 Ill Next > e here to search

Answer 1

Answer
				The correct option is A : $215000
	Material	Conversion	Total
Units completed and transferred out:
Units transferred to the next department (a)	43,000	43,000
Cost per equivalent unit (b)	$      1.60	$           3.4
Cost of units completed and transferred out (a) × (b)	$ 68,800	$    1,46,200	$ 2,15,000
Answer is A. $215000
Please Like