Saada Corporation uses the weighted-average method in its process costing system.The Fitting Department is the second department in its production process.The data below summarize the department's operations in March. The Fitting Department's cost per equivalent unit for conversion cost for March was $5.99. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

Question

Saada Corporation uses the weighted-average method in its process costing system.The Fitting Department is the second department in its production process.The data below summarize the department's operations in March.  The Fitting Department's cost per equivalent unit for conversion cost for March was $5.99. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

Quizplus · Accepted Answer

Weighted-average method
Units transferred to the next department = Units in beginning work in process + Units started into production - Units in ending work in process = 3,700 + 59,000 - 7,200 = 55,500 11ea7998_5e4b_d7bb_911b_9dc501aacf42_TB2627_00_TB2627_00

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