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pduvin pduvin
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6 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: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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GarretAGarretA
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Without mathematics, there's nothing you can do. Everything around you is mathematics. Everything around you is numbers.

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pduvin Author
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6 years ago
Helped a lot
Jose^2
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Yesterday
Good timing, thanks!
Hellish Lover
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2 hours ago
You make an excellent tutor!
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