Question: Q3. M Corporation uses the Weighted Average method in its process costing system. Operating data for the Casting Department for the month of September appear
Q3. M Corporation uses the Weighted Average method in its process costing system. Operating data for the Casting Department for the month of September appear below: Conversion Cost Beginning work in process inventory Transferred in from prior department Ending work in process inventory Materials are 100% as the beginning of production. The beginning work-in-process materials cost were $10,100. An additional cost of $424,620 were added during the month. According to the company's records, the conversion cost in beginning work-in- process inventory was $15,660 at the beginning of September. Additional conversion costs of $526,884 were incurred in the department during the month A. What would be the cost per equivalent unit for material and conversion costs B. What is the amount of cost assigned to completed and transferred out C. What is the amount of cost assigned to ending inventory? Hint: make sure total costs reconcile
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