Question: Cable Products uses a weighted average costing system with two departments: cutting and packaging. The following is known for February: a. What are the equivalent

Cable Products uses a weighted average costing system with two departments: cutting and packaging. The following is known for February:

Cutting: completed and transferred out Packaging: beginning work in process: materials Packaging:

a. What are the equivalent units for transferred-in costs in the packaging department?

b. What is the transferred-in cost associated with the units completed and transferred out of the packaging department?

Cutting: completed and transferred out Packaging: beginning work in process: materials Packaging: beginning work in process: conversion costs Packaging: beginning work in process: transferred-in costs Packaging: units completed and transferred out Packaging: units in beginning work in process 16,000 units for $64,000 $11,000 $19,000 $16,000 15,000 4,000

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