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Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in...

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Accounting

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 20,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $26,200. A total of 58,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $2.10 for materials and $3.80 for conversion costs. The total cost of the units completed and transferred out of the department was:

Multiple Choice

  • $373,660

  • $276,080

  • $342,200

  • $330,610

Answer & Explanation Solved by verified expert
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