Burgundy Manufacturing Uses a Process Cost System and Computes Cost

question 7

Multiple Choice

Burgundy Manufacturing uses a process cost system and computes cost using the weighted average method.During the current period, the beginning work-in-process inventory cost was $13,525.Manufacturing cost added was $57,000.If Burgundy's ending work-in-process inventory was valued at $15,100, then cost of goods transferred must have been

• A) $70,525
• B) $55,425
• C) $84,625
• D) $58,575

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Definitions:

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