Coon Company uses the weightedaverage method in its process

Coon Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 260 units in process, started 1,460 units, and had 190 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 30% complete with respect to conversion costs. The department incurred the following costs: EEB (Click on the icon to view the costs.) How many units were completed and transferred out? OA. 1,270 units O B. 1,530 units O C. 190 units D. 1,460 units

Solution

total units transfered out = opening + purchase - closing

= 260 + 1460 - 190

= 1530

out of 1530 units, 260 units are from opening wip. While other 1270 units were completed totally in current period and transfered out.