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Cranford Company completed and transferred out 3,100 units in May 2020. There were 200 units in the Work-in-Process Inventory

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Answer #1

Answer: $23405

Calculations

Convertion cost per unit = conversion cost / (transferred units + WIP)

= $13430 / [3100 + (200* 30% )]

=$13430 / 3160 = $4.25 per unit

Material Cost per unit = Material Cost / (transferred units + WIP)

= $10890 / [(3100 + 200) * 100%]

=$ 3.3 per unit

Total cost of the work transferred

= Transferred units × conversion cost per unit + transferred units × material cost per unit

=(3100 * $4.25 ) +(3100 * $3.3) = $23405

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