Item 51

2 points

Time Remaining 56 minutes 4 seconds

00:56:04

Item 51

Time Remaining 56 minutes 4 seconds

00:56:04

Assume the following information:

Milling Department	Materials			Conversion					Total
Cost of beginning work in process inventory	$	10,000			$	15,000			$	25,000
Costs added during the period		291,600				385,000				676,600
Total cost	$	301,600			$	400,000			$	701,600

Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. If 4,680 units were completed and transferred to the next department, then what is the total cost assigned to the units completed and transferred out of the Milling Department?