Zuniga, Inc. uses a process costing system. During May, 1,200 units were transferred into Department 2...

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Accounting

Zuniga, Inc. uses a process costing system. During May, 1,200units were transferred into Department 2 at a cost of $38,040.
Direct materials are added at the beginning of the process.
Additionally:
On May 1:Beginning inventories = 250 units, 40% complete
Direct materials costs = $1,250
Conversion costs = $1,356
Transferred-in costs = $2,560

During May:Direct materials costs incurred = $6,000
Conversion costs incurred = $17,013

On May 31: Ending Inventories = 350 units, 20% complete

Using the weighted average method, what is the cost of the endingwork in process inventory? Please show all work

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Working Statement of Equivalent Units Cost Transferred Material Conversion Cost Units Complete Equivalent units Complete Equivalent units Complete Equivalent units Transferred 1100 100 11000 100 11000 See Answer

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