Inez Company has two departments, the Assembly Department and the Welding Department. After the Welding Department, costs are transferred to Finished Goods. At the end of the month, the company has the following data from the production cost report of the Welding Department: Equivalent Units Equivalent Units Equivalent Units Transferred In Direct Materials Costs Conversion Costs Completed and transferred out 6,500 6,500 6,500 Ending work-in-process 300 300 75 6,800 6,800 6,575 Transferred In Direct Materials Conversion Costs Total costs to account for: $22,700 $32,800 $38,700 The company uses the weighted-average method. What is the total cost of the units in ending work-in-process and the total cost of the units completed and transferred out, respectively? (Round intermediate calculations and final answers to the nearest cent.) A. $9,483.75 and $283,458.75 B. $3,463.50 and $90,736.50 C. $2,874.75 and $90,025.00 D. $2,889.75 and $91,325.00
Added by Eileen B.
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Cost per equivalent unit for direct materials = Direct Materials Costs / Equivalent Units Cost per equivalent unit for direct materials = $32,800 / 6,800 Cost per equivalent unit for direct materials = $4.82 Cost per equivalent unit for conversion costs = Show more…
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