Question
Assume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during
Assume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 385,000 676,600 Total cost $ 301,600 $ 400,000 $ 701,600 Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. If 4,620 units were completed and transferred to the next department, then what is the total cost assigned to the units completed and transferred out of the Milling Department?
Multiple Choice
$633,560
$637,560
$642,560
$631,560
2. Assume the following information for the Milling Department:
Milling Department | Units |
---|---|
Beginning work in process inventory | 300 |
Units started into production during the period | 6,000 |
Units completed during the period and transferred to the next department | 5,740 |
Ending work in process inventory | ? |
Using the weighted-average method, how many units were in ending work in process inventory?
Multiple Choice
11,560 units
160 units
260 units
560 units
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