Using the following worksheet format, assign costs to the inventory transferred out and the ending...
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Accounting
Using the following worksheet format, assign costs to the inventory transferred out and the ending inventory using the weighted average method. The percentages indicate the amount of work still to be completed on the inventory. Show your calculations for full marks. Weighted Average Method Direct Material Conversion Costs Begining IP Started Units Dollars Direct Material Conversion Costs 450 50,000 36,000 50 20,00 40,000 1,000 130,00 75,000 54,000 % Completed 800 100% 100% 200 100% 50% 1,000 A1 Transfer out Ending WP AZ 82 B1 Per Unit C D Assigned Cost Transfer out Ending WP Al'C+ A2D BI*C+B2%D
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