Multiple Choice
Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 3,700 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 $10,500. During the period, 9,700 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $5.70 for material and $6.70 for conversion costs. The cost of units transferred out during the month was:
A) $64,990
B) $66,600
C) $120,280
D) $84,200
Correct Answer:
Verified
Correct Answer:
Verified
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