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Weighty Steel processes a single type of steel. For the current period the following information...

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Accounting

Weighty Steel processes a single type of steel. For the current period the following information is given: Beginning Inventory Started During the Current Period Ending Inventory Units Material Costs Conversion Costs $5,500 $5,700 32,500 78,200 3,700 20,000 3,500 All materials are added at the beginning of the production process. The beginning inventory was 50% complete as to conversion, while the ending inventory was 20% completed for conversion purposes. Weighty uses the weighted average costing method. What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar.)
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Weighty Steel processes a single type of steel. For the current period the following inventory was 50% complete as to conversion, while the ending inventory was 20% completed for conversion purposes. Weighty uses the weighted - average costing method. What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar.)

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