Abis corporation uses the weighted-average method in its

Reference no: EM13606465

Abis Corporation uses the weighted-average method in its process-costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were

Cost Percent Complete
Material costs $6,000 50%
Conversion costs $9,900 30%

A total of 9,200 units were started, and 8,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Cost
Material costs $113,900
Conversion costs $322,500

The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that's the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

4. The total cost transferred from the first processing department to the next processing department during the month is closest to

A. $452,300.
B. $436,400.
C. $512,700.
D. $420,414.

Reference no: EM13606465

Questions Cloud

Easton co produces its product through a single processing : easton co. produces its product through a single processing department. direct materials are added at the start of

If a 2kg block is dropped from an at-rest position 6m above : two equal-length springs have a stiffness ka300nm and kb200nm are nested together in order to form a shock absorber. if

Calculate the variance and the standard deviation of this : calculate the variance and the standard deviation of this probability distribution?calculate the expected rate of

An order for an automobile can select the base model or add : an order for an automobile can select the base model or add any number of 11 options. the random variable is the number

Abis corporation uses the weighted-average method in its : abis corporation uses the weighted-average method in its process-costing system. this month the beginning inventory in

The shape of the distribution of the time required to get : the shape of the distribution of the time required to get an oil change at a 10-minute oil-change facility is unknown.

Find the frequency ration rwwn at which the amplitude of a : find the frequency ration rwwn at which the amplitude of a single degree of freedom damped system attains the maximum

Suppose a geyser has a mean time between eruptions of 76 : suppose a geyser has a mean time between eruptions of 76 minutes. let the interval of time between the eruptions be

What is the difference between statistical significance and : what is the difference between statistical significance and practical significance? why is statistical significance not

User Account

All Pages