Cheatham Corporation uses the weighted-average method in its process costing system The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory Units O $368,305 O $328,028 O $437,633 O $389,970 7,700 63,000 11,200 Percent Complete with Respect to Conversion 20% 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

Cheatham Corporation uses the weighted-average method in its process costing system The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory Units O $368,305 O $328,028 O $437,633 O $389,970 7,700 63,000 11,200 Percent Complete with Respect to Conversion 20% 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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