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CoursHeroTranscribedText: 3. Ashton Big Baby Company is dedicated to making products that meet the needs of customers in a sustainable manner. It is best known for its KLN milk bottle, which is a EPAfree, dishwashersafe, bubbly glass bottle in a soft silicone sleeve. The production process consists of three basic operations. In the first operation, the glass is formed by remelting cullets {broken or refuse glass}. In the second operation, the glass is assembled with the silicone gasket and sleeve. The resulting product is finished in the final operation with the addition of the polypropylene cap. Total conversion costs incurred for the period were incurred 60% in Forming, 30% in Assembly, and 10% in Finishing. The following data are available for March 2021 (there is no opening inventory of any kind): Cullets purchased $67,500 Silicone purchased i325,000 Polypropylene used 9 5,200 Total conversion costs incurred $69,850 Ending inventory, cullets # 4,400 Ending inventory, silicone # 3,200 Number of bottles completed and transferred 12,000 Inventory in process at the end of the month: Units 80% formed 2,000 Units formed and 50% assembled 6,000 Units assembled but not finished 2,000 Using weighted average method, compute for the cost of bottles completed and transferred out. Show your solution

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