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?
A)$107,010
B)$109,440
C)$113,160
D)$120,100

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?
A)$107,010 
B)$109,440 
C)$113,160 
D)$120,100

Quizplus · Accepted Answer

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?
A)$107,010 
B)$109,440 
C)$113,160 
D)$120,100

Weighty Steel Processes a Single Type of Steel