Tempe Manufacturing Company makes a single product that is
produced on a continuous basis in one department. All materials are
added at the beginning of production. The total cost per equivalent
unit in process in March 2009 was $4.60, consisting of $3.00 for
materials and $1.60 for conversion. During the month, 8,600 units
of product were transferred to finished goods inventory; on March
31, 2,500 units were in process, 10 percent converted. The company
uses weighted average costing.
(a) Determine the cost of goods transferred to finished goods
inventory.
$Answer
(b) Determine the cost of the ending work-in-process
inventory.
$Answer
(c) What was the total cost of the beginning work-in-process
inventory plus the current manufacturing costs?
$Answer
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