Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 3,300 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $10,100. During the period, 9,300 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $5.30 for material and $6.30 for conversion costs. The cost of units transferred out during the month was:a.$63,200
b.$40,000
c.$80,800
d.$72,000

The cost of units transferred out during the month was $107,880 (none of the suggested answers)

Explanation:

The cost of units transferred out during the month was

Units Completed and Transferred are always 100% complete in terms of input components therefore

Equivalent Units of Units Completed and Transferred = Physical Units of Units Completed

9,300 units were completed and transferred on to the next department

First Calculate Total Cost per Equivalent Unit

materials     $5.30

conversion  $6.30

total             $11.60

Then, Calculate cost of units transferred out during the month was

cost of units transferred out  = Units Completed × Total Cost per Equivalent Unit

                                               = 9,300 units × $11.60

                                               = 107,880

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

answer; /// the correct answer is (shared); /// good luck