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 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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