Question
Vallin Manufacturing Corporations beginning work in process inventory consisted of 9,900 units, 100% complete with respect to materials cost and 60% complete with respect to
Vallin Manufacturing Corporations beginning work in process inventory consisted of 9,900 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost in the beginning inventory was $55,000. During the month, 59,000 units were transferred out. The equivalent unit cost was computed to be $4.40 for materials and $4.90 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:
Multiple Choice
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$548,700
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$375,600
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$446,000
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$374,000
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