Solution-How much is the cost assigned to the

How much is the cost assigned to the transferred-out units

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Question - The following information pertains to the production of Beautiful Company for the month of January 2022:

Units started 100,000

Work in process, beginning (35% complete) 20,000

Work in process, end (70% complete) 14,500

Transferred out 97,000

Work in process beginning costs: Materials 60,000 Conversion 40,000

All materials are added at the start of the process. The company inspect goods at 75% completion as to conversion. The cost per EUP for the current month are P4 and P6 for materials and conversion costs, respectively. Normal spoilage is 3.5% of the current month input. Weighted average method is used. How much is the cost assigned to the transferred-out units?

Reference no: EM133110894

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How much is the cost assigned to the transferred-out units

Reference no: EM133110894

Reference no: EM133110894

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