The Wooden Toy Factory has two departments that process all of its production, the Parts Production Department and the Finishing Department.Production begins in the Parts Production Department, then the units are transferred to the Finishing Department.Conversion costs are added evenly throughout the process, no additional materials are added in the Finishing Department.Beginning work-in-process in the finishing department was 60 percent complete as to conversion; ending inventory was 50 percent complete.Additional information about the Finishing Department follows:
Beginning work-in-process costs:
Required:
Using the weighted-average method determine the assignment of costs to units transferred-out and ending inventory for the Finishing Department.Round costs per equivalent unit to the nearest cent.

Question

The Wooden Toy Factory has two departments that process all of its production, the Parts Production Department and the Finishing Department.Production begins in the Parts Production Department, then the units are transferred to the Finishing Department.Conversion costs are added evenly throughout the process, no additional materials are added in the Finishing Department.Beginning work-in-process in the finishing department was 60 percent complete as to conversion; ending inventory was 50 percent complete.Additional information about the Finishing Department follows:
  Beginning work-in-process costs:
  Required:
Using the weighted-average method determine the assignment of costs to units transferred-out and ending inventory for the Finishing Department.Round costs per equivalent unit to the nearest cent.

Quizplus · Accepted Answer

The Answer of The Wooden Toy Factory has two departments that process all of its production, the Parts Production Department and the Finishing Department.Production begins in the Parts Production Department, then the units are transferred to the Finishing Department.Conversion costs are added evenly throughout the process, no additional materials are added in the Finishing Department.Beginning work-in-process in the finishing department was 60 percent complete as to conversion; ending inventory was 50 percent complete.Additional information about the Finishing Department follows:
  Beginning work-in-process costs:
  Required:
Using the weighted-average method determine the assignment of costs to units transferred-out and ending inventory for the Finishing Department.Round costs per equivalent unit to the nearest cent.

The Wooden Toy Factory Has Two Departments That Process All