Question

Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.

	Materials	Conversion
Cost per equivalent unit	$27.30	$30.10
Equivalent units in ending work in process	930	375

During the month, 6,800 units were completed and transferred from the Assembly Department to the next department.

Required:

Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using th. weighted-average method. (Round your answers to 2 decimal places.)

	Materials	Conversion
Cost of ending work in process inventory
Cost of units completed and transferred out

Answer 1

Computation Cost of Ending Inventory in WIP
	Material	Conversion
Equialent Unit in WIP (a)	930	375
Cost per Equivalent Unit (b)	$27.30	$30.10
Cost of Ending WIP Inventory (aXb)	$25,389.00	$11,287.50
Computation Cost of Unit completed and transferred Out
	Material	Conversion
Unit Completed and Trff Out (a)	6800	6800
Cost per Equivalent Unit (b)	$27.30	$30.10
Cost of Unit completed and Trff Out (aXb)	$185,640.00	$204,680.00