Compute the cost of ending work in process inventory

Assignment Help Accounting Basics

Reference no: EM131928228

Problem

Oleksy Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.

                                                                Materials         Conversion
Cost per equivalent unit                               $ 31.30             $ 27.00
Equivalent units in ending work in process     1,510                510

During the month, 7,100 units were completed and transferred from the Assembly Department to the next department.

Required:

Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method.

Reference no: EM131928228

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