The Wax Factory makes specialty candles. They received a large order from a banquet hall to supply their tables with centerpieces. During the month of May, they started 100,000 candles. At the end of May, the ending inventory showed 20,000 candles with 100% material and 75% conversion costs included. For the batch of candles, the equivalent units for materials was $6 per candle and $8 per candle for the conversion costs. Assuming the Wax Factory uses the weighted-average inventory method, what is the value of the inventory transferred out? 

Completed and transferred out

Cost of units transferred

Cost of inventory transferred

Answer rating: 100% (QA)

To calculate the value of the inventory transferred out using the weightedaverage inventory method you need to compute the cost per equivalent unit fo... View the full answer