Calculate the cost of goods transferred out of department b

Reference no: EM131810011

The following is partial information for the month of March for Macmillan International Inc., a two-department manufacturer that uses process costing:

Work in process, beginning (67% converted)		13,630	units
Costs of beginning work in process:
	Transferred in from department A	$9,530
	Materials	0
	Conversion	11,720
Units completed and transferred out during March		44,730	units
Units transferred in during March from department A		?	units
Work in process, ending (37.5% converted)		15,230	units
Materials costs added during March		$12,600
Conversion costs added during March		$62,600

Other information:

1. Material is introduced at the beginning in department A and more material is added at the very end in department B.

2. Conversion costs are incurred evenly throughout both processes.

3. As the process in department A is completed, goods are immediately transferred to department B; as goods are completed in department B, they are transferred to finished goods.

4. Unit costs of production in department A in March were

Materials $0.50

Conversion 0.35

Total $0.85

5. The company uses the weighted-average method.

Calculate the cost of goods transferred out of department B in March.

(Round answer to the nearest whole dollar, e.g. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.251.)

Cost of goods transferred out of department B $

Calculate the cost of the March ending work in process inventory in department B.

(Round answer to the nearest whole dollar, e.g. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.251.)

Cost of the March ending work in process inventory $

Reference no: EM131810011

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