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

Question

Oleksy 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 1.30 27.00 1,510 510 During the month, 7,100 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. Total Amount Cost of ending work in process inventory Cost of units completed and transferred out

Explanation / Answer

1 Total amount Cost of ending work in Process inventory 61033 =(1510*31.3)+(510*27) Cost of units completed and transferred out 413930 =7100*(31.3+27) 2 Change in net operating income = (100*150)-11000= $4000

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

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