Question
Assume the following information: Milling Department Units Beginning work in process inventory 200 Percent Complete Materials Conversion 40% 30% Units started into production during
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 Cost of beginning work in process inventory Costs added during the period Total cost Conversion $ 15,000 385,000 $ 400,000 Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to: Materials $ 10,000 287,000 $ 297,000 Multiple Choice $21,555. $20,555. $21,255. $20,055.
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