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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
$25.30
$28.10
Equivalent units in ending work in process
730
275
During the month, 6,400 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.
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