Cranford Company completed and transferred out 2,700 units in May 2016. There were 300 units in the Work-in-Process Inventory on May 31, 2016, 30% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $11,160 and $8,700, respectively. There was no beginning inventory on May 1, 2016. What is the cost of the work transferred-out during May? $19,860.
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Home » Business » Cranford Company completed and transferred out 2,700 units in May 2016. There were 300 units in the Work-in-Process Inventory on May 31, 2016, 30% complete as to conversion costs and 100% complete as to materials.