Brooks Corporation uses the weighted-average method for process costing and has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Beginning WIP inventory Transferred-in costs in beginning WIP inventory Direct materials cost in beginning WIP inventory Conversion costs in beginning WIP inventory Units transferred-in Transferred-in costs Units completed Costs added: direct materials 6,000 units $108,000 $26,500 $20,750 55,000 units $530,000 50,000 $163,500 Costs added: conversion costs $225,300 Ending WIP inventory 11,000 units (50% complete for materials and 40% complete for conversion) At Brooks Corporation the total cost of units in ending WIP inventory-Shaping would be closest to $110,433.00 $38,730.00 $153,779.00 $202,460.00

Brooks Corporation uses the weighted-average method for process costing and has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Beginning WIP inventory Transferred-in costs in beginning WIP inventory Direct materials cost in beginning WIP inventory Conversion costs in beginning WIP inventory Units transferred-in Transferred-in costs Units completed Costs added: direct materials 6,000 units $108,000 $26,500 $20,750 55,000 units $530,000 50,000 $163,500 Costs added: conversion costs $225,300 Ending WIP inventory 11,000 units (50% complete for materials and 40% complete for conversion) At Brooks Corporation the total cost of units in ending WIP inventory-Shaping would be closest to $110,433.00 $38,730.00 $153,779.00 $202,460.00

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Description: Brooks Corporation uses the weighted-average method forprocess costing and has two sequential processing departments:Assembly then Shaping. The Shaping Department reports thefollowing information.Beginning WIP inventoryTransferred-in costs in beginn

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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