Units completed during the period and transferred to the next department
5,800
100
%
100
%
Ending work in process inventory
600
70
%
60
%
Milling Department
Materials
Conversion
Cost of beginning work in process inventory
$
10,000
$
15,000
Costs added during the period
292,000
385,000
Total cost
$
302,000
$
400,000
Using the FIFO method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to:
Multiple Choice
$279,568.
$285,302.
$280,857.
$282,043.
Answer & Explanation
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