Question: Oleksy Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Materials Conversion
Oleksy Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.
| Materials | Conversion | |
| Cost per equivalent unit | $ 31.90 | $ 27.60 |
| Equivalent units in ending work in process | 1,570 | 570 |
|
| ||
| During the month, 7,700 units were completed and transferred from the Assembly Department to the next department. |
| Required: |
| Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. |
Total Amount
Cost of ending work in process inventory ____________
Cost of units completed and transferred out ____________
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