Reference no: EM132636529

Questions -

Q1. Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 40% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

Direct Material $20,000

Direct Labor 9,000

Factory Overhead 40,000

Alpha uses the weighted-average process costing method. Use this information to determine for the month of March: (Round & enter final answers to the nearest whole dollar.)

1. the total cost transferred to the finished goods inventory

2. the total cost of the ending Work in Process inventory

Q2. Alpha Company uses the weighted-average process costing method. During the month of March the direct material equivalent unit cost was $11.00 and the conversion cost equivalent unit was $6.00. Alpha completed and transferred $119,000 of production to the finished goods inventory for the month of March. Use this information to find the number of units that were transferred from the Work in Process.