Multiple Choice
Cranford Company completed and transferred out 2,300 units in May 2016.There were 200 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 $9,440 and $6,250,respectively.There was no beginning inventory on May 1,2016.What is the cost of the work transferred-out during May?
A) $8,510.
B) $14,950.
C) $15,690.
D) $16,250.
Correct Answer:
Verified
Correct Answer:
Verified
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