Question
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50%
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
WIP beginning (50% for conversion) | 26,200 units | |
Units started | 128,500 units | |
Units completed and transferred out | 113,700 units | |
WIP ending (60% for conversion) | 41,000 units | |
Beginning WIP direct materials | $38,000 | |
Beginning WIP conversion costs | $27,500 | |
Costs of materials added | $385,100 | |
Costs of conversion added | $262,125 |
What is the total cost of units completed and transferred out? (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.)
A.
$560,707
B.
$498,537
C.
$620,546
D.
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