Ask Question
28 March, 22:48

Trapp 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 70% complete with respect to materials and 60% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $10,000. During the period, 10,000 units were started in production and ending work inventory consisted of 4,000 units that 90% complete with respect to material and 85% complete with respect to conversion costs. were If the costs per equivalent unit for the period were $2.00 for material and $3.00 for conversion costs. The cost of units transferred out during the month was:

+4
Answers (1)
  1. 29 March, 00:59
    0
    Total cost of units transferred out = $45,000

    Explanation:

    The cost of units transferred out would be determined as follows:

    Material = cost per unit * Number of equivalent units of units transferred out

    Units transferred out = opening inventory + units introduced - closing inventory

    = 3,000 + 10,000 - 4,000 = 9,000 units

    Material cost = $2*9,000 = $18,000

    Conversion cost = $3 * 9,0000 = $27,000

    Total cost of units transferred out = $18,000 + $27,000 = $45,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Trapp Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers