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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Weighty Steel processes a single type of steel. For the current period the following information is given:

   Units   Material Costs   Conversion Costs
Beginning Inventory   3,000   $4,500   $5,400
Started During the Current Period   20,000   32,000   78,200
Ending Inventory   2,500      

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
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
wrote...
#3
9 years ago
Cool! No problem.
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