A manufacturing company uses the weighted-average method in its process costing system. Operating data for the first processing department for the most recent period appear below for the number of units, direct material (DM) costs, and conversion costs (CC). Production data: % of % of Units completion completion (DM) (CC) Beginning work in process (WIP) inventory 1,200 20% 50% Started into production during the period 12,000 Ending WIP inventory 1,000 60% 80% Cost data: Beginning WIP inventory Cost added during the period OM $13,800 $31.000 CC $25,800 $58.700 Q. Under the weighted average method, what is the total cost of ending work in process inventory? ANS. $ Q. Under the weighted-average method, what is the total cost of units transferred out? ANS. $
