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Unformatted text preview: in the production sequence: Work-in-Process Inventory: Department B. ................... XXX W o r k-i n-P r o c e s s I n v e n t o r y : D e p a r t m e n t A . . . . . . . . . X X X 4-8 Transferred-in costs are the costs assigned to partially completed products that have been transferred from one production department into the next department. 4-9 The $182,000 of transferred-in costs were incurred prior to January 1 and in the mixing department. The costs must have been incurred prior to January 1, because they are included in the cost of the beginning work-in-process inventory on that date. Moreover, these costs must have been incurred in the mixing department, because they have been transferred into the cooking department. 4-10 The name ''weighted-average method'' comes from the fact that the cost per equivalent unit computed under this method is a weighted average of costs incurred during the current period and costs incurred during prior periods....
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- Spring '10