Hutchcroft Corporation uses the weighted-average method in its process costing.

Question

Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Materials Conversion Cost per equivalent unit Equivalent units in ending work in process $34.30 1,630 $37.10 725 During the month, 8,200 units were completed and transferred from the Assembly Department to the next department Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. (Round your answers to 2 decimal places.) Materials Conversion Cost of ending work in process inventory Cost of units completed and transferred out

Explanation / Answer

Cost of ending work In process inventory Materials (1,630*34.30) 55909 Conversion (725*37.10) 26897.5 Cost of units completed and transferred out Materials (8,200*34.30) 281260 Conversion (8,200*37.10) 304220 Materials CC cost of ending work in process inventory 55909 26897.5 cost of units completed & transferred out 281260 304220

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.