A company has the following information: Percent Complete Materials Conversion 40% 30% Milling Department Beginning...
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Accounting
A company has the following information: Percent Complete Materials Conversion 40% 30% Milling Department Beginning work in process inventory Units started into production during the period Units completed during the period and transferred to the next department Ending work in process inventory Units 200 6,200 ? 600 100% 70% 100% 60% Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 290,000 $300,000 Conversion $ 15,000 385,000 $400,000 Using the weighted average method, the total cost of the units completed and transferred out that would be reported on the cost reconciliation report is closest Multiple Choice $654,286 O O $658,486. $659,786
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