Narwhal Swimwear has a beginning work in process inventory of 14,000 units and transferred in 110,000 units before ending the month with 13,000 units that were 100% complete with regard to materials and 20% complete with regard to conversion costs. The cost per unit of material is $5.60 and the cost per unit for conversion is $8.60. Using the weighted-average method, what is the amount of material and conversion costs assigned to the department for the month?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Narwhal Swimwear has a beginning work in process inventory of 14,000 units and transferred in 110,000 units before ending the month with 13,000 units that were 100% complete with regard to materials and 20% complete with regard to conversion costs. The cost per unit of material is $5.60 and the cost per unit for conversion is $8.60. Using the weighted-average method, what is the amount of material and conversion costs assigned to the department for the month?

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