Question: Arvin Corporation uses the weighted-average method in its process costing system. Work in process inventory at start in a particular department consisted of 11,000 units,
Arvin Corporation uses the weighted-average method in its process costing system. Work in process inventory at start in a particular department consisted of 11,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost work in process inventory at start was Rs. 22,400. A total of 45,000 units were transferred out of the department during June. The costs per equivalent unit were computed to be Rs. 1.20 for materials and Rs.3.40 for conversion costs.
The total cost of the units completed and transferred out of the department was:
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