Question: Mundes Corporbtion uses the weighted average method in its process costing system. The beginning work in process inventory in iss Paint of 3500 units that

 Mundes Corporbtion uses the weighted average method in its process costing

Mundes Corporbtion uses the weighted average method in its process costing system. The beginning work in process inventory in iss Paint of 3500 units that were 60% complete with respect to moterials and 40% corplete with respect to conversion costs. The cost of the beginning work in process. inventory in the department was recorded as $10.300. During the period, 9.500 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $5.50 for material and $6.50 for corversion costs. The cost of units transferred out during the month was: Mutiple Croice $66.200 $61750 5114,000 $83800

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!