Question: Exercise 4-4 Applying Costs to Units-Weighted-Average Method [LO4-4] Data concerning a recent periods activity in the Prep Department, the first processing department in a company
Exercise 4-4 Applying Costs to Units-Weighted-Average Method [LO4-4] Data concerning a recent periods activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units of production in ending work in process 2,110 810 Cost per equivalent unit $14.56 $4.83 A total of 21,400 units were completed and transferred to the next processing department during the period. Required: Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory. (Round your final answers to the nearest whole dollar amount.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
