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Talamoto Co. manufactures a single product that goes through two processes - mixing and cooking. The following data pertains to the Mixing Department for September
Talamoto Co. manufactures a single product that goes through two processes - mixing and cooking. The following data pertains to the Mixing Department for September Work-in-process Inventory Sept. 1 Conversion complete 44,000 units 70% Work-in-process inventory Sept. 30 25,000 units Conversion complete Units started into production in Sept. 508 113,000 Units completed and transferred out ? units Costs Work-in-process inventory Sept.1 Material P $189,000 Material Q 173,000 150,000 Conversion Costs added in September Material P $283,000 Material Q 259,000 Conversion 557,500 Material P is added at the beginning of work in the Mixing Department. Material Q is also added in the Mixing Department, but not until units product are forty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Do not round your intermediate calculations.) Multiple Choice $1,406,349 $1,611,500. $1,335,749. $1,304,749. $1,380,749
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