Vallin Manufacturing Corporations beginning work in process inventory consisted of 8,000 units, 100% complete with respect to
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Question:
Vallin Manufacturing Corporations beginning work in process inventory consisted of 8,000 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost in the beginning inventory was $36,000. During the month, 40,000 units were transferred out. The equivalent unit cost was computed to be $2.50 for materials and $3.00 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:
Multiple Choice
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$185,600
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$220,000
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$256,000
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$184,000
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