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Assume the following information: Milling Department Units Beginning work in process inventory 200 Percent Complete Materials Conversion 40% 30% Units started into production during March
Assume the following information: Milling Department Units Beginning work in process inventory 200 Percent Complete Materials Conversion 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department Ending work in process inventory 5,800 600 100% 70% 100% 60% Milling Department Materials Conversion Cost of beginning work in process inventory Costs added during the period $ 10,000 286,000 $ 15,000 385,000 $ 296,000 $ 400,000 Total cost Using the weighted-average method, the cost per equivalent unit for materials is closest to: Multiple Choice $47.59. $45.59. $50.99. $43.99
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