Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular departm consisted of 18,000 units, 100% complete with respect to materials cost and 40% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $25.200. A total of 53.000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.60 for matenials and $3.30 for conversion costs. The total cost of the unts completed and transferred out of th department was: Multpie Cnoice $259.700 $254180 S189,740

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular departm consisted of 18,000 units, 100% complete with respect to materials cost and 40% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $25.200. A total of 53.000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.60 for matenials and $3.30 for conversion costs. The total cost of the unts completed and transferred out of th department was: Multpie Cnoice $259.700 $254180 S189,740

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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