Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of12,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventorywas $22,800. A total of 41,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.40 for materials and$3.20 for conversion costs. The total cost of the units completed and transferred out of the department was:Multiple Choice$188,600$192,920$149,240$176,120

The equivalent units are calculated on the basis of the percentage of the work completed during the…

the weighted average method in its process costing system. The beginning work in process inventory in a particular department consisted of 000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory ms $22,800 A total of 41,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.40 for materials and 20 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice $188,600 $192,920 $149,240 $176,120

the weighted average method in its process costing system. The beginning work in process inventory in a particular department consisted of 000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory ms $22,800 A total of 41,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.40 for materials and 20 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice $188,600 $192,920 $149,240 $176,120

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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