Vallin manufacturing corporations beginning work in process


Question - Vallin Manufacturing Corporation's beginning work in process inventory consisted of 9,700 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost in the beginning inventory was $53,000. During the month, 57,000 units were transferred out. The equivalent unit cost was computed to be $4.20 for materials and $4.70 for conversion costs under the weighted-average method. Given this information, calculate the total cost of the units completed and transferred out?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Vallin manufacturing corporations beginning work in process
Reference No:- TGS02756041

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)