TB MC Qu. 5-49 Walbin Corporation uses the weighted-average method... Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 20,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $26,200. A total of 58,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $2.10 for materials and $3.80 for conversion costs. The total cost of the units completed and transferred out of the department was:

The total cost of the units completed and transferred out of the department was: $342,200.

Explanation:

First calculate the Total Cost per Equivalent unit.

Total Cost per Equivalent unit :

Materials      $2.10

Conversion  $3.80

Total             $5.90

Total cost of the units completed and transferred out = Units completed and transferred out × Total Cost per Equivalent unit

                                                                          = 58,000 units × $5.90

                                                                          = $342,200

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability

answer; closing the loop;