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General Mills, Inc., is an American multinational manufacturer and marketer of branded consumer foods, General Mills uses the weighted-average method in its process costing
General Mills, Inc., is an American multinational manufacturer and marketer of branded consumer foods, General Mills uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 20,400 units which were 100% complete with respect to materials and 60% complete with respect to conversion cost. If the cost per equivalent unit for August was $3.35 for materials and $4.85 for conversion cost, the total cost assigned to the ending work in process inventory was Multiple Choise O O 5107916 $167200 $100.368 $127704
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