Weighty Steel processes a single type of steel.For the current period the following information is given: All materials are added at the beginning of the production process.The beginning inventory was 40% complete as to conversion, while the ending inventory was 30% completed for conversion purposes.Weighty uses the weighted-average costing method.What is the total cost assigned to the units completed and transferred this period?

Question

Weighty Steel processes a single type of steel.For the current period the following information is given:  All materials are added at the beginning of the production process.The beginning inventory was 40% complete as to conversion, while the ending inventory was 30% completed for conversion purposes.Weighty uses the weighted-average costing method.What is the total cost assigned to the units completed and transferred this period?

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The Answer of Weighty Steel processes a single type of steel.For the current period the following information is given:  All materials are added at the beginning of the production process.The beginning inventory was 40% complete as to conversion, while the ending inventory was 30% completed for conversion purposes.Weighty uses the weighted-average costing method.What is the total cost assigned to the units completed and transferred this period?

Weighty Steel Processes a Single Type of Steel