Coon Company uses the? weighted-average method in its process costing system. Th
ID: 2412897 • Letter: C
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 1,420 units, and had 140 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:
Beginning WIP
Added this month
Total
Direct Materials
$1,000
$3,100
$4,100
Conversion Costs
200
5,860
6,060
Total
$1,200
$8,960
$10,160
How many units were completed and transferred? out?
A. 1,540 units
B. 140 units
C. 1,280 units
D. 1,420 units
Beginning WIP
Added this month
Total
Direct Materials
$1,000
$3,100
$4,100
Conversion Costs
200
5,860
6,060
Total
$1,200
$8,960
$10,160
How many units were completed and transferred? out?
A. 1,540 units
B. 140 units
C. 1,280 units
D. 1,420 units
Explanation / Answer
Calculate units completed and transferred out :
Units completed and transferred out = Beginning wip+Unit started-ending wip
= 260+1420-140
Units completed and transferred out = 1540 Units
SO answer is a) 1540 Units