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Mullins Corporation uses the first in, fost out method in processing item Data concerning the first processing department to the most recent month are listed

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Mullins Corporation uses the first in, fost out method in processing item Data concerning the first processing department to the most recent month are listed below Beginning work in process Inventory Units in beginning work in process inventory 1,200 Materials costs $ 12,500 Conversion costs $ 22,700 Percent complete with respect to suterials 753 Percent complete with respect to conversion 65% Units started into production during the month 9,600 Units transferred to the next department during the month 8,500 Materials costs added during the month $ 169,300 Conversion costs added during the month $ 358,500 Ending work in process inventory Units in ending work in process Inventory Percent complete with respect to materials Percent complete with respect to conversion The cost of a completed unit transferred out of the department is closest to (Round equivalent units to the nearest whole number and round all other intermediate calculations to 2 decimal places) 2,000 658 SO Multiple Choice $58.15 E $71,58 $61.41 $53.54

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