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Assume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March
Assume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% Ending work in process inventory 600 70% 100% 60% Milling Department Materials: Conversion Cost of beginning work in process inventory Costs added during the period Total cost $ 10,000 296,000 $306,000 385,000 $400,000 Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to: $ 15,000 Multiple Choice $22,162. $21,162. $21,862. $20,662
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