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    Lap Company Units Transfered out of the department

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    Please help with the following problem.

    Uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 75,000 units, 95% complete with respect to materials and 28% complete with respect to conversion costs. The total dollar value of this inventory was $228,000. During the month, 147,000 units were transferred out of the department. The costs per equivalent unit for the month were $2.30 for materials and $3.10 for conversion costs. The value of the units completed and transferred out of the department was:

    $799,800

    $807,800

    $788,800

    $793,800

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    Solution Preview

    Lap Company uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 75,000 units, 95% complete with respect to ...

    Solution Summary

    The following posting helps with an accounting problem. The solution is comprised of a detailed explanation to answer what is the value of the units completed and transferred out of the department.

    $2.19

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