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Assume the following information: Percent Complete Milling Department Units Materials Beginning work in process inventory. 200 40% Conversion 30% Units started into production during March
Assume the following information: Percent Complete Milling Department Units 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 Ending work in process inventory 5,800 600 100% 40% 100% 20% Milling Department Materials Cost of beginning work in process inventory Costs added during the period Total cost $ 10,000 290,000 $ 300,000 Conversion $ 15,000 381,000 $ 396,000 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: 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: Multiple Choice $679,448. $673,948. $676,048. $678,148
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