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Valley Manufacturing Company's beginning work in process inventory consisted of 10,000 units, 100% complete with respect cost and 10% complete with respect to conversion costs.
Valley Manufacturing Company's beginning work in process inventory consisted of 10,000 units, 100% complete with respect cost and 10% complete with respect to conversion costs. The total cost in the beginning inventory was $30,000. During the month 50,000 units were trans out the equivalent unit cost was computed to be $2.00 for materials and $370 for conversion costs under the weighted average method. Given the formation what was the total cost of the units completed and transferred out
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