Meredith Company produces one product in a process- costing system involving several departments. The first department's costs and output for the month of April are as follows: * 100% completed for materials, 40% completed for conversion costs # 100% completed for materials, 30% completed for conversion costs
Required:
Compute the cost of work completed and the cost of the ending work- in- process inventory using the weighted- average method.

Question

Meredith Company produces one product in a process- costing system involving several departments. The first department's costs and output for the month of April are as follows:  * 100% completed for materials, 40% completed for conversion costs # 100% completed for materials, 30% completed for conversion costs
Required:
Compute the cost of work completed and the cost of the ending work- in- process inventory using the weighted- average method.

Quizplus · Accepted Answer

The Answer of Meredith Company produces one product in a process- costing system involving several departments. The first department's costs and output for the month of April are as follows:  * 100% completed for materials, 40% completed for conversion costs # 100% completed for materials, 30% completed for conversion costs
Required:
Compute the cost of work completed and the cost of the ending work- in- process inventory using the weighted- average method.

Meredith Company Produces One Product in a Process- Costing System