Question: Lab Corporation as the weighted average method in its process costing system. The beginning work in process inventory in a particular department consisted of 80.000

Lab Corporation as the weighted average method in its process costing system. The beginning work in process inventory in a particular department consisted of 80.000 units: 100% complete with respect to materials and 25% complete with respect to conversion costs. The total dollar value of this inventory wis 5226.000 During the month, 150.000 units were transferred out of the department. The costs per equivalent for the month were $2.00 for materials and $350 for conversion costs. The cost of the units completed and transferred out of the department was Choice 000 0.000

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