Reference no: EM132607677

Bing Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March.

Units

Beginning work-in-process inventory, March 1            12,000

Started in production during March                          110,000

Completed production during March                           88,000

Ending work-in-process inventory, March 31                  34,000

?The beginning inventory was 70% complete for materials and 30% complete for conversion costs. The ending inventory was 90% complete for materials and 50% complete for conversion costs.

Costs pertaining to the month of March are as follows:

a) Beginning inventory costs are: materials, $44,400; conversion cost $30,500.

Costs incurred during March are: materials used, $588,000; conversion cost $624,000.

Question 1: Using the weighted average method, the total cost of the units in the ending work-in-process inventory at March 31 is

a) $250,000

B) $269,008

c) $256,960

d) $253,960