Reference no: EM132996536

Problem 1: Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 3,000 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $9,800. During the period, 9,000 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $5.00 for material and $6.00 for conversion costs. The cost of units transferred out during the month was:

Multiple Choice

Option 1: $54,000
Option 2: $65,200
Option 3: $99,000
Option 4: $82,800