TB Problem Qu. 4-122 (Algo) Hutchcroft Corporation uses the weighted-average... 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. Cost per equivalent unit Equivalent units in ending work in process Materials $ 28.80 1,080 Conversion $ 31.60 450 During the month, 7,100 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 the weighted-average method. Note: Round your answers to 2 decimal places. Cost of ending work in process inventory Cost of units completed and transferred out Materials Conversion
TB Problem Qu. 4-122 (Algo) Hutchcroft Corporation uses the weighted-average... 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. Cost per equivalent unit Equivalent units in ending work in process Materials $ 28.80 1,080 Conversion $ 31.60 450 During the month, 7,100 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 the weighted-average method. Note: Round your answers to 2 decimal places. Cost of ending work in process inventory Cost of units completed and transferred out Materials Conversion
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter6: Process Costing
Section: Chapter Questions
Problem 62P: Use the following information for Problems 6-62 and 6-63: Millie Company produces a product that...
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