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20 March, 03:22

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 20,000 units, 100% complete with respect to materials cost and 20% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $26,000. A total of 57,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $2.00 for materials and $3.70 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice $282,720 $381,920 $324,900 $341,920

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  1. 20 March, 03:48
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    The total cost of the units completed and transferred out of the department was: $324,900

    Explanation:

    First Calculate Total Cost per Equivalent Unit

    Materials $2.00

    Conversion $3.70

    Total $5.70

    Then, Calculate the Cost of Units Completed and Transferred

    Units Completed and Transferred * Total Cost per Equivalent Unit

    57,000 * $5.70

    $324,900
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