Question

Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The...

Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The following data pertains to the Mixing Department for September.

Work-in-process Inventory Sept. 1 32,000units

Conversion complete 70%

Work-in-process inventory Sept. 30 23,000units

Conversion complete 50%

Units started into production in Sept. 103,000

Units completed and transferred out ? units

Costs   

Work-in-process inventory Sept.1   

Material P $171,000

Material Q 157,000

Conversion 171,000

Costs added in September   

Material P   $257,000

Material Q 236,000

Conversion   506,900

Material P is added at the beginning of work in the Mixing Department. Material Q is also added in the Mixing Department, but not until units of product are forty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process.

The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Do not round your intermediate calculations.)

Multiple Choice:

A $1,498,900

B $1,295,200

C $1,194,302

D $1,270,302
E $1,225,302

Homework Answers

Answer #2

Units completed and transferred = 32000+103000-23000 = 112000 units

Equivalent units
Material P = 112000 + 23000 x 100% = 135000 units
Material Q = 112000 + 23000 x 100% = 135000 units
Conversion = 112000 + 23000 x 50% = 123500 units

Equivalent cost per unit = ($171000+257000+157000+236000) / 135000 + ($171000+506900) / 123500 = $11.57 per unit

Cost of Goods Completed and transferred out = 112000 x $11.57 = $1295840

There is no option for this answer, but this is correct

Nearest answer is B) $1,295,200

answered by: anonymous
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