Sarver 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 $8.24. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

Question

Sarver 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 $8.24. 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 = 7,100 + 61,000 - 4,600 = 63,500
 11eaa3fe_3315_f97e_908b_1d1a2fb7cfa8_TB2461_00

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