Assume the following information: Percent Complete Materials Conversion 40% 30% Milling Department Beginning work in process Inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process Inventory Units 200 6,200 5,800 600 100% 70% 100% 60% Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 282,000 $292,000 Conversion $ 15,000 385,000 $ 400,000 Using the weighted average method, the cost per equivalent unit for materials is closest to: $46.95 0 $44.95 O $50.35 $43.35 Assume the following information: Units 200 6,200 Percent Complete Materials Conversion 40% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory 5,800 600 100% 7095 100% 60% Milling Department Cost of beginning work in process Inventory Costs added during the period Total cost Materials $ 10,000 287,000 $297,000 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: $21,555 O $20,555. $21.255 $20,055 Assume the following information: Percent Complete Materials Conversion 40% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory Units 200 6,200 5,800 600 100% 70% 100% 60% Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 282,000 $292,000 Conversion $ 15,000 385.000 $400,000 Using the weighted average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to O $272,310 O $270,874 O $271,724. O $269.623 Assume the following information: Percent Complete Materials Conversion 40% 30% Milling Department Beginning work in process Inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process Inventory Units 200 6.200 5,800 600 100% 50% 100% 40% Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 290,000 $300,000 Conversion $ 15,000 381,500 $396,500 cost of ending work in process inventory reported on the cost reconciliation report is closest to: Using the weighted-average method, the tot O $33,840. O $31750 O $29,630 O $30,510. Assume the following information: Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process Inventory Percent Complete Materials Conversion 40% 30% Units 200 6.200 5,800 600 100% 50% 100% 30% Milling Department Cost of beginning work in process Inventory Costs added during the period Total cost Materials $ 10,000 290,000 $300,000 Conversion $ 15,000 381,500 $ 396,500 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: $671,884 $667684 $669,784 $673,184
