Valley Manufacturing Corporation\'s beginning work in process inventory consiste

Question

Valley Manufacturing Corporation's beginning work in process inventory consisted of 18,000 units, 100% complete with respect to materials cost and 40% complete with respect to conversion costs. The total cost in the beginning inventory was $46,000. During the month, 66,000 units were transferred out. The equivalent unit cost was computed to be $2.6 for materials and $3.7 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was: $415,800 $404,880 $318,120 $358,080

Explanation / Answer

ANS) VALLEY MANUFACTURING CORPORATION Units Completed and transferred out 66000 Equivalent Unit Cost Material Cost $               2.60 Convrsion cost $               3.70 Total Equivalent Cost $               6.30 TotCost $ 415,800.00

Related Questions

Navigate

• Browse (All)
• Browse V
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.