Saada Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second d...

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Saada Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second d...

Saada Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department’s operations in March.

	Percent Complete with Respect to Conversion
Beginning work in process inventory		7,700	20	%
Transferred in from the prior department during March		63,000
Ending work in process inventory		11,200	60	%

The Fitting Department’s cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

Multiple Choice

$389,970
$437,633
$328,028
$368,305

business accounting

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Answer 1

Answer #1

ANSWER:

OPTION: $368305

EXPLANATION:

units transferred to next department = beginning work in process inventory + Units transferred in from the prior department - ending work in process inventory

= 7700 + 63000 - 11200

= 59500

Conversion cost assigned to the units transferred out of the fitting department = Units transferred to next department x conversion cost per unit

= 59500 x $6.19

= $368305

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Answer 2

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