CandyMan Manufacturing Uses a Process-Cost System and Computes Cost Using

question 140

Multiple Choice

CandyMan 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 $15,000.Manufacturing cost added was $65,000.Suppose CandyMan's ending work-in-process inventory was valued at $22,000.What must have been the cost of goods transferred?

• A)$43,000
• B)$58,000
• C)$65,000
• D)$80,000