Suppose the company used the weighted-average method.What amount would have been credited to the Work-in-process inventory for the units completed and transferred out during the month of May?
A) $423,200
B) $552,000
C) $1,975,200
D) $1,132,160.

Question

Quizplus · Accepted Answer

The weighted-average method calculates the cost of units completed and transferred out by averaging the costs of beginning inventory and costs added during the period. The correct amount credited to Work-in-process inventory for the units completed and transferred out is $1,975,200.

Suppose the Company Used the Weighted-Average Method