Problem- 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)
|
17,300
|
units
|
Costs of beginning work in process:
|
Transferred in from department A
|
$9,770 |
Materials
|
0 |
Conversion
|
10,420 |
Units completed and transferred out during March
|
45,090 |
units
|
Units transferred in during March from department A
|
? |
units
|
Work in process, ending (37.5% converted)
|
18,500 |
units
|
Materials costs added during March
|
$13,100
|
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
5. The company uses the weighted-average method.