Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 17,500 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 $25,000. A total of 52,000 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:

$244,400

Explanation:

At first, we have to calculate the equivalent units in ending inventory.

As there no equivalent units in ending inventory, units completed and transferred are treated as equivalent ending process inventory.

                                                                                 Materials           Conversion

Units transferred to the next department             52,000                 52,000

Cost per equivalent unit                                         $1.50                     $3.20

Cost of units completed and transferred out        $78,000               $166,400

Total cost                                                            = $244,400

explanation:

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