Conversion costs under the weighted-average method

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Reference no: EM131284756

Valley Manufacturing Corporation's beginning work in process inventory consisted of 13,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning inventory was $37,000. During the month, 57,000 units were transferred out. The equivalent unit cost was computed to be $2.7 for materials and $4.1 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:

a. $392,685

b. $317,490

c. $356,235

d. $387,600

Reference no: EM131284756

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