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Discuss the company uses the weighted-average method

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Reference no: EM131786918

Problem- 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)
 17,300
 units
Costs of beginning work in process:
Transferred in from department A
 $9,770
Materials
 0
Conversion
 10,420
Units completed and transferred out during March
 45,090 units
Units transferred in during March from department A
 ? units
Work in process, ending (37.5% converted)
 18,500 units
Materials costs added during March
 $13,100
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

5. The company uses the weighted-average method.

Reference no: EM131786918

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