de fire method!LO 6-4]5-23 Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There are notransferred-in costs and no spoilage. What is the cost of goods completed and transferred out if 10,000 unitsare completed and 1,000 units are in ending inventory?216/94891/25

Given: Direct materials 2 Conversion 3 Goods completed 10000 Ending inventory 1000

Answered: Weighted-average costs per equivalent…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed and transferred out if 10,000 units are completed and 1,000 units are in ending inventory?