Narwhal Swimwear has a beginning work-in-process inventory of 13,500 units and transferred 130,000 units before ending the
Question:
Narwhal Swimwear has a beginning work-in-process inventory of 13,500 units and transferred 130,000 units before ending the month with 14,000 units that were 100% complete with regard to materials and 30% complete with regard to conversion costs. The cost per unit of material is $5.80 and the cost per unit for conversion is $8.20 per unit. Using the weighted-average method, what is the amount of material and conversion costs assigned to the department for the month?
Solution
Beginning work in the process | |||
Transferred in | |||
Units to account for | |||
Material | Conversion | ||
Completed and transferred | |||
Ending inventory | |||
Units to account for | |||
Cost per unit | |||
Total cost for department |
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura