The following information from August $2023$ records pertains to a manufacturing company which uses the process costing system: # of units$\%$ CompletionCOST DMCCDMCCWIP, August $100000$WIP, August $31200100\%30\%$ Completed and transferred out$2,300100\%100\%$ Costs incurred in August $ $6,250$$ $9,440$What is the cost of units completed and transferred out?

Answer rating: 100% (QA)

To calculate the cost of units completed and transferred out we need to use the process costing system and consider the costs incurred and the units c... View the full answer