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Would the total amount of materials cost transferred and why

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Reference no: EM132657716

Marcus Inc manufactures bottled water, and uses process costing. Marcus adds direct materials at the beginning of the process, while conversion costs are incurred uniformly throughout the process. At the beginning of the period, Work in Process Inventory is 40% complete. At the end of the period, Work in Process Inventory is 70% complete.

Additional information appears below:

Beginning work in process: 3,000 units
Direct materials: $18,000
Conversion cost (40% complete): $14,000

Number of units started this period: 4,000
Number of units completed and transferred to finished goods: 2,000

Ending work in process (70% complete for CC)
Direct materials: $122,000
Conversion cost $306,000

Problem 1: Would the total amount of materials cost transferred out is $116,364?

Reference no: EM132657716

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