Author Question: Weighty Steel processes a single type of steel. For the current period the following information is ... (Read 107 times)

armygirl · **on:** Mar 6, 2021

Weighty Steel processes a single type of steel. For the current period the following information is given:

	Units	Material Costs	Conversion Costs
Beginning Inventory	3100	$4800	$5800
Started During the Current Period	20,400	32,300	78,700
Ending Inventory	3400

All materials are added at the beginning of the production process. The beginning inventory was 50% complete as to conversion, while the ending inventory was 25% 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? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar.)
◦ $91,200
◦ $115,050
◦ $112,761
◦ $121,600

bookworm410 · **Reply #1 on:** Mar 6, 2021

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