Materials costs of $1120000 and conversion costs of $1396800 were charged to a processing department in the month of September... Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process inventory, 200000 units were started into production in September, and there were 10000 units in ending work in process inventory that were 40 % complete as to conversion costs at the end of September. What was the total amount of manufacturing costs assigned to the units completed and transferred out in September? O $2560000. O $2432000. O $3800000. O $2516800,

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Materials costs of $1120000 and conversion costs of $1396800 were charged to a processing department in the month of September.
Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process. There were
no units in beginning work in process inventory, 200000 units were started into production in September, and there were 10000 units
in ending work in process inventory that were 40% complete as to conversion costs at the end of September.
What was the total amount of manufacturing costs assigned to the units completed and transferred out in September?
O $2560000.
O $2432000.
O $3800000.
Ⓒ$2516800
Transcribed Image Text:Materials costs of $1120000 and conversion costs of $1396800 were charged to a processing department in the month of September. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process inventory, 200000 units were started into production in September, and there were 10000 units in ending work in process inventory that were 40% complete as to conversion costs at the end of September. What was the total amount of manufacturing costs assigned to the units completed and transferred out in September? O $2560000. O $2432000. O $3800000. Ⓒ$2516800
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