Winter Corporation uses a process costing system. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process. Work in process inventory at the beginning of the period is 70% complete and 40% complete at the end of the period. Additional data is as follows:

- Assuming Winter uses the weighted-average method , what is the total cost of units transferred to finished goods inventory?

Question

Winter Corporation uses a process costing system. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process. Work in process inventory at the beginning of the period is 70% complete and 40% complete at the end of the period. Additional data is as follows:

- Assuming Winter uses the weighted-average method , what is the total cost of units transferred to finished goods inventory?

Quizplus · Accepted Answer

The total cost of units transferred to finished goods inventory using the weighted-average method would include both the costs of beginning work in process and the costs added during the current period, averaged over the total units. Option A is the correct choice as it likely represents the sum of these costs, properly averaged and applied to the units transferred out.

Winter Corporation Uses a Process Costing System