Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method.The cost of goods completed and transferred out under the weighted-average method is calculated to be:
A)$96,000.
B)$476,400.
C)$571,200.
D)$484,000.
E)$468,200.

Question

Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method.The cost of goods completed and transferred out under the weighted-average method is calculated to be:
A)$96,000. 
B)$476,400. 
C)$571,200. 
D)$484,000. 
E)$468,200.

Quizplus · Accepted Answer

The Answer of Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method.The cost of goods completed and transferred out under the weighted-average method is calculated to be:
A)$96,000. 
B)$476,400. 
C)$571,200. 
D)$484,000. 
E)$468,200.