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Business, 18.08.2019 02:20 isaiahcannon2803

The assembly department uses a process cost accounting system and a weighted-average cost flow assumption. the department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. during july, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. the beginning work in process inventory was $93,000 on july 1, comprised of $80,000 of materials costs and $13,000 of conversion costs. other data for the month of july are as follows: beginning work in process inventory, 7/1 25,000 units (40% complete) units completed and transferred out 70,000 units ending work in process inventory, 7/31 30,000 units (30% complete) what is the total cost assigned to the 70,000 units that were transferred out of the process in july?

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