Reference no: EM132996532

Problem 1: Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 13,000 units, 100% complete with respect to materials cost and 20% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $23,200. A total of 43,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.60 for materials and $3.40 for conversion costs. The total cost of the units completed and transferred out of the department was:

Multiple Choice

Option 1: $215,000
Option 2: $241,920
Option 3: $185,760
Option 4: $221,120