Question: Flotsam Corporation uses the weighted average method in its process costing system. The beginning work in process Inventory in a particular department consisted of 10,000

 Flotsam Corporation uses the weighted average method in its process costing

Flotsam Corporation uses the weighted average method in its process costing system. The beginning work in process Inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials cost and 25% complete with respect to conversion costs. The total cost m the beginning work in process inventory was $29, 950. A total of 48,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.25 for materials and $3.65 for conversion costs. The total cost of the units completed and transferred out of the department was: Norske Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 3, 750 units that were 72% complete with respect to materials and 64% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $16,000. During the period, 9.475 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $2.18 for material and $3.89 for conversion costs. The cost of units transferred out during the month was. In March, one of the processing departments at Slinger Corporation had beginning work in process inventory of $26,000 and ending work in process inventory of $37,000. During the month, the cost of units transferred out from the department was $143,000. In the department's cost reconciliation report for March, the total cost to be accounted for under the weighted-average method would be: In April, one of the processing departments at Duplex Corporation had beginning work in process inventory of $29,000 and ending work in process inventory of $25,000. During the month, $280,000 of costs were added to production and the cost of units transferred out from the department was $284,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be

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