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Question - Stark Corporation uses the weighted average method in its process costing system. The Weather Proofing Department is the second department in its production process. The Weather Proofing Department's cost per equivalent unit for material cost for April was $8.24. The data below summarize the department's operations in April.
Units
Percent Complete with Respect to Materials
Beginning work in process inventory
8,000
80%
Transferred in from the prior department during April
70,000
Ending work in process inventory
5,000
40%
Required - How much materials cost was assigned to the units transferred out of the Weather Proofing Department during April?
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