Lorona Inc.has provided the following data concerning the Assembly Department for the month of April.The company uses the weighted-average method in its process costing.
During the month,7,400 units were completed and transferred from the Assembly Department to the next department.
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during April using the weighted-average method.

Question

Lorona Inc.has provided the following data concerning the Assembly Department for the month of April.The company uses the weighted-average method in its process costing.
  During the month,7,400 units were completed and transferred from the Assembly Department to the next department.
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during April using the weighted-average method.

Quizplus · Accepted Answer

The Answer of Lorona Inc.has provided the following data concerning the Assembly Department for the month of April.The company uses the weighted-average method in its process costing.
  During the month,7,400 units were completed and transferred from the Assembly Department to the next department.
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during April using the weighted-average method.