Mundes Corporation Uses the Weighted-Average Method in Its Process Costing

question 78

Multiple Choice

Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 2,000 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $8,800. During the period, 8,000 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $4.00 for material and $5.00 for conversion costs. The cost of units transferred out during the month was:

• A) $40,000
• B) $63,200
• C) $72,000
• D) $80,800

---

Definitions:

Matrix

Unstructured semifluid substance that fills the space between cells in connective tissues or inside organelles.

Dendrites

Branch-like extensions of neurons that receive signals from other neurons.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Epithelial Cell

Cells covering the outside of the body and lining organs and cavities within the body, serving as a barrier and interface for substance exchange.