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For the Month of November,Department B Completed and Transferred to the Next

Question 145

Essay

For the month of November,Department B completed and transferred to the next department 5,000 units of product.Department B's ending work in process was 3,000 units that were 10% complete.The following cost information is available for the period:
 Cost transferred in $35,000 Cost of begirning work in process 3,600 Direct materials 17,000 Direct labor 9,000 Marufacturing overhead 12,000\begin{array} { l r } \text { Cost transferred in } & \$35,000 \\\text { Cost of begirning work in process } & 3,600 \\\text { Direct materials } & 17,000 \\\text { Direct labor } & 9,000 \\\text { Marufacturing overhead } & 12,000\end{array} Required:
(A)Determine the cost per equivalent unit for the month of November using the weighted average method.(Round your answer to three decimal places.)
(B)Determine the cost transferred out during the month.
(C)Calculate the cost assigned to the ending work in process at the end of the month.(Round your answer to the nearest dollar.)

Correct Answer:

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(A)Equivalent units = 5,000 + (3,000 × 1...

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