Bettie Corporation uses a weightedaverage process costing sy

Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October:

All materials at Bettie are added at the beginning of the production process.

What total amount of cost should be assigned to the units completed and transferred out during October?

Multiple Choice

$677,500

$642,000

$691,900

$690,000

	Materials		Conversion
Units completed and transferred out		50,000				50,000
Equivalent units: work in process, October 31		10,000				4,000
Total equivalent units		60,000				54,000

Solution

$690,000 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Materials   Conversion Total Total cost               252,000.00              518,400.00         770,400.00 Equivalent units                 60,000.00                54,000.00 Cost per equivalent unit                            4.20                           9.60 Units completed and transferred out                 50,000.00                50,000.00 Cost per equivalent unit                            4.20                           9.60 Cost of units completed and transferred out               210,000.00              480,000.00         690,000.00 $690,000 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Materials   Conversion Total Total cost               252,000.00              518,400.00         770,400.00 Equivalent units                 60,000.00                54,000.00 Cost per equivalent unit                            4.20                           9.60 Units completed and transferred out                 50,000.00                50,000.00 Cost per equivalent unit                            4.20                           9.60 Cost of units completed and transferred out               210,000.00              480,000.00         690,000.00