Question
Vivian's Assembly Department started the month of July with 12,400 units in beginning work in process inventory that were 40% complete. During the month, 48,800
Vivian's Assembly Department started the month of July with 12,400 units in beginning work in process inventory that were 40% complete. During the month, 48,800 units were started into production, and at the end of the month, there were 11,900 units in ending work in process inventory that were 60% complete. For the month, the department's total materials cost was $183,600 and its total conversion cost was $112,880. All materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. What is the total cost of goods transferred out during the month?
- A
- :
- $147,900
- B
- :
- $246,500
- C
- :
- $49,980
- D
- :
- $296,480
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started