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Corporation uses the weighted-average method in its process

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Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.

  • Cost per equivalent unit $31.10 materials $26.80 conversion
  • Equivalent units in ending work in process 1,520 materials 570 conversion
  • 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.

Reference no: EM13588224

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