Walbin Corporation uses the weighted-average method in its process costing syste

Question

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 12.500 units, 100% complete with respect to materials cost and 40 complete with respectto conversion costs. The total cost in the beginning work in process inventory was $23,000. A total of 42,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.50 for materials and $3.30 for conversion costs. The total cost of the units completed and transferred out of the department was Multiple Choice $201,600 $189,660 $146,160 $170,910

Explanation / Answer

Answer is A. $201,600

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Material Conversion Total Units completed and transferred out: Units transferred to the next department (a)      42,000           42,000 Cost per equivalent unit (b) $      1.50 $           3.30 Cost of units completed and transferred out (a) × (b) $ 63,000 $    138,600 $ 201,600

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