Figure 6-7.Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March. The beginning inventory was 70% complete for materials and 30% complete for conversion costs. The ending inventory was 905 complete for materials and 50% complete for conversion costs.Costs pertaining to the month of March are as follows:
Beginning inventory costs are: materials, $44,400; conversion cost $30,500.Costs incurred during March are: materials used, $588,000; conversion cost $624,000.
-Refer to Figure 6-7. Using the weighted average method, the total cost of the units in the ending work-in-process inventory at March 31 is
A) $253,960.
B) $269,008.
C) $250,000.
D) $256,960.

Question

Figure 6-7.Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March.  The beginning inventory was 70% complete for materials and 30% complete for conversion costs. The ending inventory was 905 complete for materials and 50% complete for conversion costs.Costs pertaining to the month of March are as follows:
Beginning inventory costs are: materials, $44,400; conversion cost $30,500.Costs incurred during March are: materials used, $588,000; conversion cost $624,000. 
-Refer to Figure 6-7. Using the weighted average method, the total cost of the units in the ending work-in-process inventory at March 31 is
A) $253,960. 
B) $269,008. 
C) $250,000. 
D) $256,960.

Quizplus · Accepted Answer

The Answer of Figure 6-7.Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March.  The beginning inventory was 70% complete for materials and 30% complete for conversion costs. The ending inventory was 905 complete for materials and 50% complete for conversion costs.Costs pertaining to the month of March are as follows:
Beginning inventory costs are: materials, $44,400; conversion cost $30,500.Costs incurred during March are: materials used, $588,000; conversion cost $624,000. 
-Refer to Figure 6-7. Using the weighted average method, the total cost of the units in the ending work-in-process inventory at March 31 is
A) $253,960. 
B) $269,008. 
C) $250,000. 
D) $256,960.