At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
WIP beginning (50% for conversion) |
26,200 units |
|
Units started |
128,500 units |
|
Units completed and transferred out |
113,700 units |
|
WIP ending (60% for conversion) |
41,000 units |
|
Beginning WIP direct materials |
$38,000 |
|
Beginning WIP conversion costs |
$27,500 |
|
Costs of materials added |
$385,100 |
|
Costs of conversion added |
$262,125 |
What is the total cost of units completed and transferred out? (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.)
A.
$560,707
B.
$498,537
C.
$620,546
D.
Solution:
Answer: $549074
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