Question: 40. A company uses process costing to assign product costs. Available inventory information for a period is as follows: Inventory (in units) Material cost Conversion

40. A company uses process costing to assign product costs. Available inventory information for a period is as follows:

Inventory

(in units)

Material

cost

Conversion

cost

Beginning 0 Started during the period 15,000 $75,000 $55,500 Transferred out 13,500 End of period 1,500 The ending inventory was 25% complete as to the conversion cost. 100% of direct material was added at the beginning of the process. What was the total cost transferred out?

a. $130,500

b. $126,973

c. $121,500

d. $117,450

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