Answer:
$3,564,400
Explanation:
Equivalent units of Production
Materials = 190,000 + 10,000 = 200,000
Conversion cost = 190,000 + 10,000 x 70% = 197,000
Cost per equivalent units
Materials = $3,152,000 / 200,000 =$15.76
Conversion Cost = $591,000 / 197,000 =$3.00
Total cost per unit = $18.76
Therefore,
the cost of the product that was completed and transferred to finished goods is $3,564,400 ( 190,000 x $18.76)
