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Assume the following information: Milling Department Units Percent Complete Materials Beginning work in process inventory 200 40% Conversion 30% Units started into production during
Assume the following information: Milling Department Units Percent Complete Materials Beginning work in process inventory 200 40% Conversion 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 Ending work in process inventory 600 100% 60% 100% 50% Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Conversion $ 15,000 388,000 $ 403,000 Using the weighted-average method, the total cost of the units completed and transferred out that would be reported on the cost reconciliation report is closest to: Materials $ 10,000 290,000 $ 300,000
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