Question

(Setup info repeated Inacio Corporation wes the weighted average method in its process conting system.Data concerning the first processing department for the most recent month we listed below Beginning work in process inventory Units in being work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion NO $12.00 $5.000 73 20 Units started into production during the month Units transferred to the department during the mouth Materials costs added during the month Conversion costs added during the month 9.500 8.400 $ 172.000 $ 240.000 Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 1.900 90 Based on the information above, what was the total cost to be accounted for and total cost accounted for) for the period? $240.200 $307,500 1430,100 $464,800

Answer 1

Beginning work in process cost :
Materials	$              12,900
Conversion	$                5,000	$                      17,900
Cost added during the month :
Materials	$            172,000
Conversion	$            240,200	$                   412,200
Total cost to be accounted for (Total cost accounted for)		$                   430,100