Use the following to answer questions:
The following information pertains to Yiannis Oil Company for the month of June:

All materials are added at the beginning of the process. Beginning inventory is 80% complete for conversion costs; ending inventory is 20% complete for conversion costs. Yiannis uses the weighted-average method.
-The total material cost of the ending inventory for June is:
A) $6,105,000
B) $6,300,000
C) $5,478,261
D) $7,293,000

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Use the following to answer questions:
The following information pertains to Yiannis Oil Company for the month of June:
  
All materials are added at the beginning of the process. Beginning inventory is 80% complete for conversion costs; ending inventory is 20% complete for conversion costs. Yiannis uses the weighted-average method.
-The total material cost of the ending inventory for June is:
A) $6,105,000 
B) $6,300,000 
C) $5,478,261 
D) $7,293,000

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
The following information pertains to Yiannis Oil Company for the month of June:
  
All materials are added at the beginning of the process. Beginning inventory is 80% complete for conversion costs; ending inventory is 20% complete for conversion costs. Yiannis uses the weighted-average method.
-The total material cost of the ending inventory for June is:
A) $6,105,000 
B) $6,300,000 
C) $5,478,261 
D) $7,293,000

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