Assume the following information: Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory Milling Department Cost of beginning work in process inventory Costs added during the period Units 200 6,200 5,800 600 Percent Complete Materials Conversion 40% 30% 100% 70% 100% 60% Materials $ 10,000 287,000 Conversion $ 15,000 385,000 $ 297,000 $ 400,000 Total cost Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ansswer must be in table format or i will give down vote 

 

Assume the following information:
Milling Department
Beginning work in process inventory
Units started into production during March
Units completed during the period and transferred to the next
department
Ending work in process inventory
Milling Department
Cost of beginning work in process inventory
Costs added during the period
Units
200
6,200
5,800
600
Percent Complete
Materials
Conversion
40%
30%
100%
70%
100%
60%
Materials
$ 10,000
287,000
Conversion
$ 15,000
385,000
$ 297,000
$ 400,000
Total cost
Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with
respect to materials is closest to:
Transcribed Image Text:Assume the following information: Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory Milling Department Cost of beginning work in process inventory Costs added during the period Units 200 6,200 5,800 600 Percent Complete Materials Conversion 40% 30% 100% 70% 100% 60% Materials $ 10,000 287,000 Conversion $ 15,000 385,000 $ 297,000 $ 400,000 Total cost Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to:
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