Answered
Vallin Manufacturing Corporation's beginning work in process inventory consisted of 8,000 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs.The total cost in the beginning inventory was $36,000.During the month, 40,000 units were transferred out.The equivalent unit cost was computed to be $2.50 for materials and $3.00 for conversion costs under the weighted-average method.Given this information, the total cost of the units completed and transferred out was:
A) $256,000
B) $185,600
C) $220,000
D) $184,000
On May 12, 2024