Cheatham Corporation uses the weighted-average method in its process costing system The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory Units O $368,305 O $328,028 O $437,633 O $389,970 7,700 63,000 11,200 Percent Complete with Respect to Conversion 20% 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
Cheatham Corporation uses the weighted-average method in its process costing system The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory Units O $368,305 O $328,028 O $437,633 O $389,970 7,700 63,000 11,200 Percent Complete with Respect to Conversion 20% 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
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 23E: The following information concerns production in the Finishing Department for May. The Finishing...
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![Cheatham Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data
below summarize the department's operations in March.
Beginning work in process inventory
Transferred in from the prior department during March
Ending work in process inventory
Units
O $368,305
O $328,028
O $437,633
O $389,970
7,700
63,000
11,200
Percent Complete
with Respect to
Conversion
20%
60%
The Fitting Department's cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting
Department during March?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcaf13337-fb8a-4943-9515-20caf500f130%2F0d2fd25e-07bb-463f-9eb1-d3e0d127bb6a%2F4766pv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cheatham Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data
below summarize the department's operations in March.
Beginning work in process inventory
Transferred in from the prior department during March
Ending work in process inventory
Units
O $368,305
O $328,028
O $437,633
O $389,970
7,700
63,000
11,200
Percent Complete
with Respect to
Conversion
20%
60%
The Fitting Department's cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting
Department during March?
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