Oleksy Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. During the month, 4,900 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 June using the weighted-average method.

Question

Oleksy Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.  During the month, 4,900 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 June using the weighted-average method.

Quizplus · Accepted Answer

The Answer of Oleksy Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.  During the month, 4,900 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 June using the weighted-average method.

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