Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed and transferred out if 10,000 units are completed and 1,000 units are in ending inventory?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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de fire method!
LO 6-4]
5-23 Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There are no
transferred-in costs and no spoilage. What is the cost of goods completed and transferred out if 10,000 units
are completed and 1,000 units are in ending inventory?
216
/948
9
1/25
Transcribed Image Text:de fire method! LO 6-4] 5-23 Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed and transferred out if 10,000 units are completed and 1,000 units are in ending inventory? 216 /948 9 1/25
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