At Opal Incorporated, direct materials are added at the beginning of the process and conversions costs are
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Question:
At Opal Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
WIP beginning (70% for conversion)
20,200 units
Units started
154,000 units
Units completed and transferred out
115,000 units
WIP ending (50% for conversion)
59,200 units
Beginning WIP direct materials
$51,200
Beginning WIP conversion costs
$27,200
Costs of materials added
$443,100
Costs of conversion added
$268,000
What is the total cost of units completed and transferred out?
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