Problem - The following information related to the Assembly Dept of Jataca Corporation for the month of November.
Jataca uses a weighted average process costing system.
All materials at Jataca are added at the beginning of the production
|
Number of units
|
% completed as to conversion costs
|
|
Work in process, Nov 1
|
4000
|
40%
|
|
units started into production
|
317000
|
|
|
Work in process, Nov 30
|
10000
|
90%
|
On November 1, the work in process inventory account contained $6400 of material cost and $4400 of conversion cost. Cost per equitant unit for November was $1.50 for materials and $2.80 for conversion costs.
What total amount of costs should be assigned to the units complete and transferred during November?
What total amount of cost should be assigned to the units in work in process on Nov 30?