The Assembly Department started the month with 21,000 units In Its beginning work In process Inventory. An additional 284,500 units were transferred In from the prior department during the month to begin processing In the Assembly Department. There were 15,500 units In the ending work In process Inventory of the Assembly Department.
How many units were transferred to the next processing department during the month?
In process costing, the costs are assigned to a department (transferred-in) and is transferred to another department (transferred out). Process costing is useful when there is a uniform and bulk product.
Answer and Explanation: 1
Answer: b. 290,000
To compute for the units transferred out, we subtract the ending work in process inventory (15,500 units) from the beginning work...
See full answer below.
Become a member and unlock all Study Answers
Start today. Try it nowCreate an account
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
fromChapter 1 / Lesson 12
Learn about process costing. Study the process costing definition, examine process costing examples, and discover why process costing systems are so important.