Question: Yakity-Yak Corporation makes Goop from Glop using weighted average process costing. At the end of the period, they had the following data: Beginning units in

Yakity-Yak Corporation makes Goop from Glop using weighted average process costing. At the end of the period, they had the following data:

Beginning units in WIP 6,000

Units started 6,000

Units transferred out 4,000

Costs in Beginning WIP:

DM $34,000

Conversion $28,000

Current costs:

DM $56,000

Conversion $26,000

Direct materials are added at the beginning of the process. Ending inventory is 75% complete for both direct labor and manufacturing overhead.

What is the total cost allocated to the units completed and transferred out?

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