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Flor Rios Company uses the weighted average method of process costing. It had 80,000 units in beginning inventory, which were 90% complete as to materials
Flor Rios Company uses the weighted average method of process costing. It had 80,000 units in beginning inventory, which were 90% complete as to materials and 45% complete as to conversion. During the month, it started 115,000 units. At the end of the month, 64,000 units were in inventory, which were 85% complete as to materials and 50% complete as to conversion. Cost information is as follows: Beginning work in process inventory: Direct materials costs Conversion costs Total beginning inventory cost Costs added during the month: Direct materials costs Conversion costs Total costs added during the month Total production costs Beginning Inventory Units Started Ending Inventory Units 80,000 115,000 64,000 $262,800 203,400 423,180 709,400 Materiah% 90% 85% $466,200 1,132,580 $1,598,780 Conversion% 45% 50%
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