Assume the following information: Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Multiple Choice O Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. If 4,770 units were completed and transferred to the next department, then what is the total cost of the ending work in process inventory in the Milling Department? $48,340 $52,540 $43,340 Materials $10,000 291,600 $ 301,600 $40,340 Conversion $ 15,000 385,000 $ 400,000 Total $ 25,000 676,600 $ 701,600

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Assume the following information:
Milling Department
Cost of beginning work in process inventory
Costs added during the period
Total cost
Multiple Choice
$48,340
Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. If 4,770 units were completed and transferred to the next
department, then what is the total cost of the ending work in process inventory in the Milling Department?
$52,540
$43,340
Materials
$ 10,000
291,600
$ 301,600
$40,340
Conversion
$ 15,000
385,000
$ 400,000
Total
$ 25,000
676,600
$701,600
Transcribed Image Text:Assume the following information: Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Multiple Choice $48,340 Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. If 4,770 units were completed and transferred to the next department, then what is the total cost of the ending work in process inventory in the Milling Department? $52,540 $43,340 Materials $ 10,000 291,600 $ 301,600 $40,340 Conversion $ 15,000 385,000 $ 400,000 Total $ 25,000 676,600 $701,600
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