A company started a new product, and in the first month started 120,000 units. The...
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Accounting
A company started a new product, and in the first month started 120,000 units. The ending work in process inventory was 15,000 units that were 100% complete with materials and 75% complete with conversion costs. There were 120,000 units to account for, and the equivalent units for materials was $6 per unit while the equivalent units for conversion was $7 per unit. What is the value of the inventory transferred out, using the weighted-average inventory method? Cost of inventory transferred $______
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