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Assume the following information: Milling Department Materials Conversion Total Cost of beginning...

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Accounting

Assume the following information:
Milling Department Materials Conversion Total
Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000
Costs added during the period 291,600385,000676,600
Total cost $ 301,600 $ 400,000 $ 701,600
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 4,660 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?
Multiple Choice
$58,520
$63,520
$67,720
$55,520

Answer & Explanation Solved by verified expert
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