Using the  information and the weighted average method, calculate the amount of inventory (in dollars) that was transferred to finished goods inventory during the period. (Round to nearest dollar after calculations are complete. Do not round early.)

	Equivalent Units
Flow of Production	Physical Units	Direct Materials	Conversion Costs
WIP: Beginning	2000
Started during current period	7000
To account for	9000
Completed & transferred out during current period	6000	6000	6000
WIP: Ending (100% DM, 30% CC)	3000	3000	900
Units accounted for	9000
Equivalent units of work done to date		9000	6900

	Direct Materials	Conversion Costs
WIP: Beginning	12,000	11,000
Costs added in current period	98,000	92,000

Answer rating: 100% (QA)

Answer 72 1 1 Materials Conversion 3 Transferred to next depar... View the full answer