Question: LP Save & E Submit COTB MC Qu. 4-51 (Algo) Assume the following information: Assume the following information: Units 200 Percent Complete Materials Conversion 40%

 LP Save & E Submit COTB MC Qu. 4-51 (Algo) Assume

LP Save & E Submit COTB MC Qu. 4-51 (Algo) Assume the following information: Assume the following information: Units 200 Percent Complete Materials Conversion 40% 304 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 6,200 5,800 600 100% 48% 100% 604 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 290,000 $300,000 Conversion $ 15,000 387,000 $402,000 Using the weighted average method, the total cost of ending work in process inventory reported on the cost reconciliation report is closest to Multiple Choice $36,654

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