Yoder Corporation uses the weighted-average method in its process costing system.The following data pertain to operations in the first processing department for a recent month: How much cost,in total,was assigned to the ending work in process inventory?

Question

Yoder Corporation uses the weighted-average method in its process costing system.The following data pertain to operations in the first processing department for a recent month:  How much cost,in total,was assigned to the ending work in process inventory?

Quizplus · Accepted Answer

Units completed and transferred out = Units in beginning work in process inventory + Units started into production or transferred in - Units in ending work in process inventory
Units completed and transferred out = 40,000 + 750,000 - 30,000 = 760,000
Weighted-average method equivalent units of production
 11eaa3fe_3320_ce3c_908b_8bc8a92d79fe_TB2461_00 Weighted-average method cost per equivalent unit
 11eaa3fe_3320_f54d_908b_1378c3dbd516_TB2461_00 Weighted-average method:
 11eaa3fe_3320_f54e_908b_85a704b25b03_TB2461_00

Yoder Corporation Uses the Weighted-Average Method in Its Process Costing