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Seatrail Company uses the weighted-average method in its process costing system. The beginning work in process...

Seatrail Company uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $37,600. A total of 15,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.50 for materials and $3.20 for conversion costs. The total cost of the units completed and transferred out of the department was:

Select one:

a. 40500

b. 37600

c. 74260

d. 70500

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Answer #1
Material Conversion Cost Total
Total Units Transferred Out         15,000.0                  15,000.0
Cost per Equivalent Unit                    1.5                            3.2
Total Cost of Units Transferred Out         22,500.0                  48,000.0 70,500.0
Answer is 70500/-
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