Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

The following data were taken from the accounting records of the Mixing Department of Kappa Corporation which uses the weighted-average method in its process costing system:
Beginning work in process inventory:
Cost $ 19,000
Units 30,000 units
Percent completion with respect to materials 100 %
Percent completion with respect to conversion 60 %
Units completed and transferred out 82,000 units
Cost per equivalent unit:
Material $ 1.50
Material $ 0.75
The cost of units transferred out was:________.
a. $184,500
b. $149,500
c. $167,500
d. $145,000

Sagot :

Answer:

a. $184,500

Explanation:

The computation of the cost of units transferred out is shown below:

Total unit cost is

= $1.50 + $0.75

= $2.25 per unit

And, Unit completed and transferred out = 82000

So, Cost of unit completed and transferred out is

= 82,000 units × $2.25

= $184,500

hence, the correct option is a.  

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.