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Ivanhoe Enterprises determined that materials costs totaling $161172 and conversion costs totaling $134644 were charged to a processing department in the month of July. Materials
Ivanhoe Enterprises determined that materials costs totaling $161172 and conversion costs totaling $134644 were charged to a processing department in the month of July. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were 4300 units in beginning work in process inventory, 62300 units were started into production in July, and 2300 units were ending work in process that were 60% complete at the end of July. What total amount of manufacturing costs will be assigned to the units that were completed and transferred out of the process in July if the weighted average method is used? $295816. $289601. $287421. $297702
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