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Beattie company completed and transferred out 7300 units in

Question - Beattie Company completed and transferred out 7,300 units in May 2012. There were 1,200 units in the Work-in-Process Inventory on May 31, 2012, 30% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $30,640 and $42,500, respectively. There was no beginning inventory on May 1, 2012. What is the cost of the work transferred-out during May?

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Accounting Basics: Beattie company completed and transferred out 7300 units in

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