Twitty Inc. has provided the following data concerning the Assembly Department for the month of August. The company uses the weighted-average method in its process costing.
During the month, 6,800 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 August using the weighted-average method.

Question

Twitty Inc. has provided the following data concerning the Assembly Department for the month of August. The company uses the weighted-average method in its process costing.  
During the month, 6,800 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 August using the weighted-average method.

Quizplus · Accepted Answer

The Answer of Twitty Inc. has provided the following data concerning the Assembly Department for the month of August. The company uses the weighted-average method in its process costing.  
During the month, 6,800 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 August using the weighted-average method.