Question
uses process costing in its department. at the beginning it had 12,000 units in beginning work in process that were 40% complete with respect to
uses process costing in its department. at the beginning it had 12,000 units in beginning work in process that were 40% complete with respect to conversion. during the month it put 87,000 units into production and completed 89,000 good units. at the end of the month there were 3000 units in ending work in process that were 70% complete with respect to conversion. direct materials are added in the beginning of the process. inspection occurs at the end of the process and normal spoilage is 6 % of good output. costs related to beginning inventory is 36, 800 for direct materials and 28,600 for conversion costs. during the month the company issued 280,000 of direct materials and incurred 599,400 of conversion costs.
weighted average method is used for process costing what is the total cost of goods completed and transferred to finished goods
a 928704
b 854400
c 877,440
d 905,664
e 921,600
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