Costs Transferred out of Work-in-Process Inventory
Response to the following problem:
The company spent a total of $102,340 in the current period in one of its production centers. In addition, when the production period began, there was work-in-process inventory in the production center that had a total value of $3,820. If the costs of the inventory at the end of the period are $4,190, what are the total costs of the inventory transferred out of the production center?