Jones Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 400 units in process that were 70% complete, receiving 2,500 units from the Cutting Department. Jones Company had 200 units in process at the end of the period that are 40% complete. All materials are added at the beginning of the process and conversion is added uniformly. From the Packaging Department, units are transferred to Finished Goods. How many units were completed and transferred out of the Packaging Department?

Question

Business

Reece Cowan

15 March, 18:19

Jones Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 400 units in process that were 70% complete, receiving 2,500 units from the Cutting Department. Jones Company had 200 units in process at the end of the period that are 40% complete. All materials are added at the beginning of the process and conversion is added uniformly. From the Packaging Department, units are transferred to Finished Goods. How many units were completed and transferred out of the Packaging Department?

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Answers (1)

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Mendez · Answer 1

2,700 units

Explanation:

Given that,

Packaging Department started the month = 400 units in process that were 70% complete

Received units from Cutting Department = 2,500 units

Units in process at the end of the period that are 40% complete = 200

Units completed and transferred:

= Beginning work in process inventory + Units received - Ending work in process inventory

= 400 units + 2,500 units - 200 units

= 2,700 units