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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% 70% 100% 60% Milling Department Cost of beginning work in process inventory Costs added during the period Materials $ 10,000 290,000 Conversion $ 15,000 385,000 $ 300,000 $ 400,000 Total cost 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 conversion is closest to
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