During March, the following costs were charged to the manufacturing department: $14,886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show that 30,680 units were completed and transferred, while 2,400 remained in the ending inventory. There were 33,080 equivalent units of material and 31,640 conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work-in-process inventory?
During March, the following costs were charged to the manufacturing department: $14,886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show that 30,680 units were completed and transferred, while 2,400 remained in the ending inventory. There were 33,080 equivalent units of material and 31,640 conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work-in-process inventory?
Chapter5: Process Costing
Section: Chapter Questions
Problem 4PB: During March, the following costs were charged to the manufacturing department: $22,500 for...
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