Materials costs of $202000 and conversion costs of $269710 were charged to a processing department in the month of September. Materials are added at the beginning of the process; conversion costs are incurred uniformly throughout the process. There were no units in beginning Work in Process, 101000 units were started into production in September, and there were 8500 units in ending Work in Process that were 45% complete at the end of September. What was the total amount of manufacturing costs assigned to the 8500 units in the ending Work in Process if the weighted-average method is used?
Materials costs of $202000 and conversion costs of $269710 were charged to a processing department in the month of September. Materials are added at the beginning of the process; conversion costs are incurred uniformly throughout the process. There were no units in beginning Work in Process, 101000 units were started into production in September, and there were 8500 units in ending Work in Process that were 45% complete at the end of September. What was the total amount of manufacturing costs assigned to the 8500 units in the ending Work in Process if the weighted-average method is used?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...
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