Trapp Company Uses the Weighted-Average Method in Its Process Costing

question 92

Multiple Choice

Trapp Company uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 3,000 units that were 70% complete with respect to materials and 60% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $10,000. During the period, 9,000 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $2.00 for material and $3.00 for conversion costs. The cost of units transferred out during the month was?

• A)$45,400.
• B)$35,400.
• C)$39,600.
• D)$45,000.

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Definitions:

Critical Product Component

An essential part or element of a product that significantly impacts its performance or quality.

Tangible Asset

Physical assets that have a value and exist in a physical form, such as machinery, buildings, and land.

Part-time Employees

Workers who are employed for less than the standard working hours, offering flexibility and reduced workload.

In-process Inventory

Goods and materials that are partially completed in the manufacturing process but are not yet finished products.