Westlake manufacturing utilizes a process costing system. the beginning work in process inventory consisted of 16,000 un...
Westlake manufacturing utilizes a process costing system. the beginning work in process inventory consisted of 16,000 units which were 100% complete with respect to materials and 70% complete with respect to conversion costs. The total cost in beginning inventory was $45,000. During the mont 62,000 units were transferred out to the next department. The equivalent cost per unit was $1.40 for materials and $3.10 for conversion costs. The total of the inventory transferred out during the period was:
a. $279,000
b. $234,000
c. $351,000
d. $324,000
Homework Answers
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| The total of the inventory transferred out during the period was | $ 279,000 | ||
| 62,000 units*($1.40+$3.10) | |||
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