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Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory 200 40 % 30 % Units started into production

Assume the following information:

Percent Complete
Milling Department Units 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 % 100 %
Ending work in process inventory 600 70 % 60 %

Milling Department Materials Conversion
Cost of beginning work in process inventory $ 10,000 $ 15,000
Costs added during the period 300,000 385,000
Total cost $ 310,000 $ 400,000

Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to:

Garrison 17e Rechecks 2020-06-25

Multiple Choice

  • $21,432.

  • $22,432.

  • $20,932.

  • $22,132.

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