Question

The High Tide Company manufactures gadgets in a single process and uses the weighted average method...

The High Tide Company manufactures gadgets in a single process and uses the weighted average method of process costing. The following information is available:

Work in process inventory, Jan 1.                                            0 units

Units started in production    2,100 units

Units completed and transferred out 1,500 units

Work in process inventory, Dec. 31                                     600 units

Production costs:

   Direct materials $2,871

     Direct labor 2,498

   Manufacturing overhead    5,767

The units still in process are:

80% complete with respect to direct materials

40% complete with respect to conversion costs.

What is the cost of goods completed and transferred to finished goods?  

a.

2,175
b.

11,136
c.

7,125
d.

9,300
Business   Accounting   
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