During August 2010, Berman Company\'s Department & equivalent unit product costs

Question

During August 2010, Berman Company's Department & equivalent unit product costs, computed under the weighted average method, were as follows:
Material $2
Conversion 6
Transferred in 10

All material is introduced at the end of the process in Department Y. August's ending Work in Progress Inventory contained 4,000 units that were 40% complete as to conversion. 20,000 units were transferred out during August to Finished Goods Inventory.

Questions:
A. Compute the total costs that should be assigned to the August 31, 2010 Work in Process????
B. Compute the total cost of unites transferred to finished goods???

Explanation / Answer

A. Compute the total costs that should be assigned to the August 31, 2010 Work in Process???? = 10 answer . Compute the total cost of unites transferred to finished goods??? = 20000 + 4000*40% = 21600 naswer

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