The following is partial information for the month of March for Macmillan International Inc., a two-department manufacturer that uses process costing:
| Work in process, beginning (67% converted) |
|
13,630 |
units |
| Costs of beginning work in process: |
|
|
|
|
Transferred in from department A |
|
$9,530 |
|
|
Materials |
|
0 |
|
|
Conversion |
|
11,720 |
|
| Units completed and transferred out during March |
|
44,730 |
units |
| Units transferred in during March from department A |
|
? |
units |
| Work in process, ending (37.5% converted) |
|
15,230 |
units |
| Materials costs added during March |
|
$12,600 |
|
| Conversion costs added during March |
|
$62,600 |
Other information:
1. Material is introduced at the beginning in department A and more material is added at the very end in department B.
2. Conversion costs are incurred evenly throughout both processes.
3. As the process in department A is completed, goods are immediately transferred to department B; as goods are completed in department B, they are transferred to finished goods.
4. Unit costs of production in department A in March were
Materials $0.50
Conversion 0.35
Total $0.85
5. The company uses the weighted-average method.
Calculate the cost of goods transferred out of department B in March.
(Round answer to the nearest whole dollar, e.g. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.251.)
Cost of goods transferred out of department B $
Calculate the cost of the March ending work in process inventory in department B.
(Round answer to the nearest whole dollar, e.g. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.251.)
Cost of the March ending work in process inventory $