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Assume the following Information: Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred
Assume the following Information: Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Percent Complete Units Materials 200 40% Conversion 30% 6,200 5,800 600 Materials Conversion $ 10,000 285,000 $ 15,000 385,000 $ 295,000 $ 400,000 100% 70% 100% 60% Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to: Multiple Choice $275,094. $273,671. $274,521. $272,420.
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