Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,200 60% Conversion costs $ 8,500 55% A total of 7,800 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs $ 95,000 Conversion costs $ 169,200 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. The total cost transferred from the first processing department to the next processing department during the month is closest to: $288,935 $244,219 $264,200 $277,900
Carpenter Corporation uses the weighted-average method in its
Cost Percent
Complete
Materials costs $ 5,200 60%
Conversion costs $ 8,500 55%
A total of 7,800 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
Materials costs $ 95,000
Conversion costs $ 169,200
The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.
The total cost transferred from the first processing department to the next processing department during the month is closest to:
$288,935
$244,219
$264,200
$277,900
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