Saada 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. Percent Complete with Respect to Units Conversion Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory 3,700 20% 59,000 7,200 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $5.99. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
Saada 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. Percent Complete with Respect to Units Conversion Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory 3,700 20% 59,000 7,200 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $5.99. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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$353,410.00
$328,012.40
$375,573.00
$332,445.00
Transcribed Image Text:Saada 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.
Percent Complete
with Respect to
Units
Conversion
Beginning work in process inventory
Transferred in from the prior department during March
Ending work in process inventory
3,700
20%
59,000
7, 200
60%
The Fitting Department's cost per equivalent unit for conversion cost for March was $5.99. How much conversion cost was assigned to the units transferred out of the Fitting
Department during March?
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