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Assume the following information: Milling Department Beginning work in process inventory Units completed during the period and transferred to Units started into production during
Assume the following information: Milling Department Beginning work in process inventory Units completed during the period and transferred to Units started into production during March the next department Ending work in process inventory Units 200 Percent Complete Materials Conversion 40% 30% 6,200 5,800 600 100% 70% 100% 60% Milling Department Materials Cost of beginning work in process inventory Costs added during the period Total cost $ 10,000 295,000 $ 305,000 Using the weighted-average method, the cost per equivalent unit for materials is closest to: Conversion $ 15,000 385,000 $ 400,000 Multiple Choice $49.04. $47.04. $52.44. $45.44.
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