Valley Manufacturing Company's beginning work in process inventory consisted of 10,000 units,100% complete with respect to materials cost and 40% complete with respect to conversion costs.The total cost in the beginning inventory was $30,000.During the month,50,000 units were transferred out.The equivalent unit cost was computed to be $2.00 for materials and $3.70 for conversion costs under the weighted-average method.Given this information,the total cost of the units completed and transferred out was?
A) $240,000.
B) $255,000.
C) $270,000.
D) $285,000.
Correct Answer:
Verified
Q41: Black Company uses the weighted-average method in
Q42: Strap Company uses the weighted-average method in
Q43: Paxton Company uses the weighted-average method in
Q45: The Richmond Company uses the weighted-average method
Q46: The equivalent units of production for material
Q47: Harker Company uses the weighted-average method in
Q48: Department 2 is the second of three
Q49: Ogden Company uses the weighted-average method in
Q80: The cost reconciliation prepared within a department's
Q90: Using the weighted-average method, the material and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents