Question: 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

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.

  • 175 units in beginning WIP (28% complete with respect to conversion costs).
  • 8,455 units started
  • 132 units in ending WIP (34% complete with respect to conversion costs).
  • $19 direct material cost per equivalent unit
  • $11 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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