Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vallin Manufacturing Corporation s beginning work in process inventory consisted of 1 0 , 0 0 0 units, 1 0 0 % complete with respect

Vallin Manufacturing Corporations beginning work in process inventory consisted of 10,000 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost in the beginning inventory was $56,000. During the month, 60,000 units were transferred out. The equivalent unit cost was computed to be $4.50 for materials and $5.00 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:
Multiple Choice
$570,000
$384,000
$385,600
$456,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Effective Auditing The Simple Systems Series Book 5

Authors: Jennie Clark CQP

1st Edition

B09YHJR18Y, 979-8802614082

More Books

Students also viewed these Accounting questions

Question

7. Compute an expression for P{ max B(s) > x}

Answered: 1 week ago

Question

1. Discuss the four components of language.

Answered: 1 week ago

Question

a. How many different groups were represented?

Answered: 1 week ago