A company started a new product, and in the first month started 90,000 units. The ending work in process inventory was 15,000 units that were 100% complete with materials and 75% complete with...

Extracted text: A company started a new product, and in the first month started 90,000 units. The ending work in process inventory was 15,000 units that were 100% complete with materials and 75% complete with conversion costs. There were 90,000 units to account for, and the equivalent units for materials was $5 per unit while the equivalent units for conversion was $6 per unit. What is the value of the inventory transferred out, using the weighted-average inventory method? Cost of inventory transferred $ Feedback V Check My Work Determine the amount complete and transferred. Then, apply the cost of the units transferred times the completed and transferred amount of units to determine the total cost of inventory transferred.


Extracted text: A company has 2,000 units in ending work in process that are 40% complete after transferring out 12,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $8 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method? Cost of units transferred out Ending work in process inventory $