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A department uses the weighted average method of process costing. All direct materials are added at...

A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.

  • 211 units in beginning WIP (27% complete with respect to conversion costs).
  • 11,221 units started
  • 117 units in ending WIP (25% complete with respect to conversion costs).
  • $11 direct material cost per equivalent unit
  • $18 conversion cost per equivalent unit

What is the department's total cost of units completed and transferred out (round final answer to nearest cent if necessary)?

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Answer #1

Department's total cost of units completed and transferred out = (Beg WIP + Units started - End WIP) * total cost of Equivalent unit = (211+11221-117) * (11+18) = $328135

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