Queen Corporation produces a product that passes through two departments.For November,the following equivalent unit schedule was prepared for the first department:
Costs assigned to beginning work in process:
Manufacturing costs incurred during the month:
$\begin{array}{ll}
\text { Materials: } & \$ 18,000 \
\text { Conversion: } & \$ 22,000
\end{array}$ Required:
$\begin{array}{ll}
\text { Materials: } & \$ 44,000 \
\text { Conversion: } & \$ 54,000
\end{array}$ A. Compute the unit cost for November using the weighted average method.
B. Determine the cost of goods transferred out.
C. Determine the cost of ending work in process.

Question

Queen Corporation produces a product that passes through two departments.For November,the following equivalent unit schedule was prepared for the first department:
Costs assigned to beginning work in process:
  Manufacturing costs incurred during the month:
 $\begin{array}{ll}
\text { Materials: } & \$ 18,000 \
\text { Conversion: } & \$ 22,000
\end{array}$ Required:
 $\begin{array}{ll}
\text { Materials: } & \$ 44,000 \
\text { Conversion: } & \$ 54,000
\end{array}$ A. Compute the unit cost for November using the weighted average method.
B. Determine the cost of goods transferred out.
C. Determine the cost of ending work in process.

Quizplus · Accepted Answer

The Answer of Queen Corporation produces a product that passes through two departments.For November,the following equivalent unit schedule was prepared for the first department:
Costs assigned to beginning work in process:
  Manufacturing costs incurred during the month:
 $\begin{array}{ll}
\text { Materials: } & \$ 18,000 \
\text { Conversion: } & \$ 22,000
\end{array}$ Required:
 $\begin{array}{ll}
\text { Materials: } & \$ 44,000 \
\text { Conversion: } & \$ 54,000
\end{array}$ A. Compute the unit cost for November using the weighted average method.
B. Determine the cost of goods transferred out.
C. Determine the cost of ending work in process.

Queen Corporation Produces a Product That Passes Through Two Departments Materials: $18,000 Conversion: $22,000\begin{array}{ll}\text { Materials: } & \$ 18,000 \\\text { Conversion: } & \$ 22,000\end{array} Materials: Conversion: ​$18,000$22,000​

Queen Corporation Produces a Product That Passes Through Two Departments $\begin{array}{ll}\text { Materials: } & \$ 18,000 \\\text { Conversion: } & \$ 22,000\end{array}$