Question: Assume the following information Percent Complete Materials Conversion 40% Units 200 6,200 Milling Department Beginning work in process inventory Units started into production during March

 Assume the following information Percent Complete Materials Conversion 40% Units 200
6,200 Milling Department Beginning work in process inventory Units started into production

Assume the following information Percent Complete Materials Conversion 40% Units 200 6,200 Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory 30% 5,800 600 100% 70% 100% 60% Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials Conversion $ 10,000 $ 15,000 285,000 385,000 $295,000 $400,000 Using the weighted average method, the total cost of the ending work in process inventory with respect to materials is closest to Multiple Choice Using the weighted average method, the total cost of the ending work in process inventory with respect to materials is closest to Multiple Choice $21,420 O $20,420 O $20320 $19.920

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