Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 2,300 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $9,100. During the period, 8,300 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $4.30 for material and $5.30 for conversion costs. The cost of units transferred out during the month was:
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Mundes Corporation uses the weighted-average method in its process costing system. The beginning wor...
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