Coon Company uses the weighted-average method in its process costing system. The

Question

Coon Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 260 units in process, started 1,460 units, and had 190 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 30% complete with respect to conversion costs. The department incurred the following costs: (Click on the icon to view the costs.) How many units were completed and transferred out? O A. 1.270 units OB, 1,530 units O C. 190 units O D. 1,460 units

Explanation / Answer

Beginning WIP Added this month Total Material $ 100.00 $ 3,500.00 $    3,600.00 Conversion Cost $ 200.00 $ 6,240.00 $    6,440.00 $ 300.00 $ 9,740.00 $ 10,040.00 Opening WIP 260 units Units Introduced 1460 units Closing WIP 190 units Number of units completed and transferred out = Beginning units + Units started - Ending units) Number of units completed and transferred out = 260 units + 1,460 units - 190 units Number of units completed and transferred out = 1530 units Answer is B)1530 unit

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