Assume the following information: Milling Department Beginning work in process Inventory Units started into production during...

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Assume the following information: 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 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 282,000 $292,000 Using the weighted-average method, the cost per equivalent unit for materials is closest to: O $46.95. O$44.95. O$50.35. O$43.35. Units 200 6,200 5,800 600 Conversion $ 15,000 385,000 $400,000 Percent Complete Materials Conversion 40% 30% 100% 70% 100% 60% Assume the following information: 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 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost $21,555. $20,555. $21.255. Milling Department $20,055. Units 200 6,200 5,800 600 Materials $ 10,000 287,000 $297,000 Percent Complete Materials Conversion 40% 30% 100% 70% Conversion Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to: $ 15,000 385,000 $400,000 100% 60% Assume the following information: 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 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 282,000 $292,000 Units 200 6,200 5,800 600 Conversion $ 15,000 385,000 $400,000 Percent Complete Conversion 30% Materials 40% 100% 70% 100% 60% Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to: O $272.310. O $270,874. O $271,724. O $269.623. Assume the following information: 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 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost O$33,840. O $31,750. O $29,630. O $30,510. Using the weighted-average method, the tot Units 200 6,200 5,800 600 Materials $ 10,000 290,000 $300,000 Percent Complete Conversion 30% Materials 40% 100% 50% Conversion $ 15,000 381,500 $396,500 100% 40% cost of ending work in process inventory reported on the cost reconciliation report is closest to: Assume the following information: 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 Milling Department Cost of beginning work in process Inventory Costs added during the period Total cost Milling Department $671,884. $667,684. $669,784. $673,184. Materials $ 10,000 290,000 $300,000 Units 200 6,200 5,800 600 Conversion $15,000 381,500 $396,500 Percent Complete Conversion 30% Materials 40% 100% 50% 100% 30% Using the weighted-average method, the total cost of the units completed and transferred out that would be reported on the cost reconciliation report is closest to: Assume the following information: 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 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 282,000 $292,000 Using the weighted-average method, the cost per equivalent unit for materials is closest to: O $46.95. O$44.95. O$50.35. O$43.35. Units 200 6,200 5,800 600 Conversion $ 15,000 385,000 $400,000 Percent Complete Materials Conversion 40% 30% 100% 70% 100% 60% Assume the following information: 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 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost $21,555. $20,555. $21.255. Milling Department $20,055. Units 200 6,200 5,800 600 Materials $ 10,000 287,000 $297,000 Percent Complete Materials Conversion 40% 30% 100% 70% Conversion Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to: $ 15,000 385,000 $400,000 100% 60% Assume the following information: 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 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 282,000 $292,000 Units 200 6,200 5,800 600 Conversion $ 15,000 385,000 $400,000 Percent Complete Conversion 30% Materials 40% 100% 70% 100% 60% Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to: O $272.310. O $270,874. O $271,724. O $269.623. Assume the following information: 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 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost O$33,840. O $31,750. O $29,630. O $30,510. Using the weighted-average method, the tot Units 200 6,200 5,800 600 Materials $ 10,000 290,000 $300,000 Percent Complete Conversion 30% Materials 40% 100% 50% Conversion $ 15,000 381,500 $396,500 100% 40% cost of ending work in process inventory reported on the cost reconciliation report is closest to: Assume the following information: 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 Milling Department Cost of beginning work in process Inventory Costs added during the period Total cost Milling Department $671,884. $667,684. $669,784. $673,184. Materials $ 10,000 290,000 $300,000 Units 200 6,200 5,800 600 Conversion $15,000 381,500 $396,500 Percent Complete Conversion 30% Materials 40% 100% 50% 100% 30% Using the weighted-average method, the total cost of the units completed and transferred out that would be reported on the cost reconciliation report is closest to:

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PROCESS COSTING UNDER WEIGHTED AVERAGE METHOD 1 Material equivalent units 5800 600 70 6220 units Cos... View the full answer