The may 1 work in process inventory consisted of 105000

Reference no: EM13567750

The May 1 work in process inventory consisted of 105,000 pounds with $219,450 in materials cost and $134,400 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 365,000 pounds were started into production. The May 31 inventory consisted of 139,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method to account for units and costs. Given: Inventory, May 1 353,850 Materials 838,050 Conversion 445,760 Inventory, May 31 ? Completed and transferred to the Blending Department ?

Reference no: EM13567750

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