For August, Kimbrell Company has costs in BWIP equal to $50,000. During August, the cost incurred was

Question:

For August, Kimbrell Company has costs in BWIP equal to $50,000. During August, the cost incurred was $450,000. Using the weighted average method, Kimbrell had 125,000 equivalent units for August. There were 100,000 units transferred out during the month. The cost of goods transferred out is
a. $500,000.
b. $400,000.
c. $450,000.
d. $360,000.
e. $50,000.

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