Answer
$172,500
Work Step by Step
Using the formula we have: Cost of conversion transferred to finished goods = The amount of units completed and transferred * The cost per equivalent unit for conversion= 34,500 * 5.0 = $172,500
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 4 - Process Costing - The Foundational 15 - Required - Page 162: 13
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
