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Equivalent Units Conversion Physical Direct Flow of Production Units Materials Costs WIP: Beginning 2000 Started during current period 7000 To account for 9000 Completed
Equivalent Units Conversion Physical Direct Flow of Production Units Materials Costs WIP: Beginning 2000 Started during current period 7000 To account for 9000 Completed & transferred out during 6000 6000 6000 current period WIP: Ending (100% DM, 30% CC) 3000 3000 900 Units accounted for 9000 Equivalent units of work done to date 9000 6900 WIP: Beginning Costs added in current period Direct Conversion Materials Costs $19,000 $11,000 $81,000 $90,000 Using the above information and the weighted average method, calculate the amount of inventory (in dollars) that was transferred to finished goods inventory during the period. (Round to nearest dollar after calculations are complete. Do not round early.)
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