Saracha,Inc.manufactures products that pass through two or more processes.The company uses the weighted average method to compute unit costs.During October,equivalent units were computed as follows:
The unit cost was computed as follows:
Required:
$$\begin{array} { l r }
\text { Materials } & \$ 15.00 \
\text { Conversion cost } & 13.00 \
\text { Total cost per unit } & \$ 28.00
\end{array}$$ A. Determine the cost of the goods transferred out.
B. Determine the cost of ending work in process.

Question

Saracha,Inc.manufactures products that pass through two or more processes.The company uses the weighted average method to compute unit costs.During October,equivalent units were computed as follows:
The unit cost was computed as follows:
  Required:
 $$\begin{array} { l r } 
\text { Materials } & \$ 15.00 \
\text { Conversion cost } & 13.00 \
\text { Total cost per unit } & \$ 28.00
\end{array}$$ A. Determine the cost of the goods transferred out.
B. Determine the cost of ending work in process.

Quizplus · Accepted Answer

The Answer of Saracha,Inc.manufactures products that pass through two or more processes.The company uses the weighted average method to compute unit costs.During October,equivalent units were computed as follows:
The unit cost was computed as follows:
  Required:
 $$\begin{array} { l r } 
\text { Materials } & \$ 15.00 \
\text { Conversion cost } & 13.00 \
\text { Total cost per unit } & \$ 28.00
\end{array}$$ A. Determine the cost of the goods transferred out.
B. Determine the cost of ending work in process.

Saracha,Inc Materials $15.00 Conversion cost 13.00 Total cost per unit $28.00\begin{array} { l r } \text { Materials } & \$ 15.00 \\\text { Conversion cost } & 13.00 \\\text { Total cost per unit } & \$ 28.00\end{array} Materials Conversion cost Total cost per unit ​$15.0013.00$28.00​

Saracha,Inc $\begin{array} { l r } \text { Materials } & \$ 15.00 \\\text { Conversion cost } & 13.00 \\\text { Total cost per unit } & \$ 28.00\end{array}$