Reference no: EM133188289
Question - Barney makes a single product in two Departments. The production data for Dept. 2 for Aug 2020 follows:
Production Cost Last Month This Month
Transferred in 40,750 222,750
Materials 9,500 168,750
Conversion 4,850 202,500
Quantities
In Process beginning (40% done) 10,000
Received from Dept. 1 75,000
Completed and Transferred 62,500
In Process end (60% done) 15,000
Materials are added at the start of the process, and losses normally occur during the early stages of operation.
Required - Under weighted average, what is the cost of WIP end?
a. 111,600 b. 111,400 c. 68,600 d. 70,000
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