65)

Assume the following information:

					Percent Complete
Milling Department	Units				Materials					Conversion
Beginning work in process inventory		200				40	%				30	%
Units started into production during March		6,200
Units completed during the period and transferred to the next department		5,800				100	%				100	%
Ending work in process inventory		600				20	%				30	%

Milling Department	Materials				Conversion
Cost of beginning work in process inventory	$	10,000			$	15,000
Costs added during the period		290,000				383,500
Total cost	$	300,000			$	398,500

Using the weighted-average method, the total cost of the units completed and transferred out that would be reported on the cost reconciliation report is closest to:

Multiple Choice

• $682,556.

• $678,356.

• $680,456.

• $683,856.