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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
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$21,432.
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$22,432.
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$20,932.
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$22,132.
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