Cost assigned to the units

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Reference no: EM1311831

Cost assigned to the units transferred to the next department costing.

Sumter Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:

Work in process, beginning:

Units in process	6,000
Percent complete with respect to materials	60%
Percent complete with respect to conversion	20%

Costs in beginning inventory

Material cost	$78,200
Conversion cost	$3,600
Units started during the month	?
Units completed and transferred out during the month	70,000

Costs added to production during the month:

Materials costs	$286,600
Conversion costs	$216,000

Work in process ending:

Units in process	8,000
Percent complete with respect to materials	75%
Percent complete with respect to conversion	25%

How much cost, in total, was assigned to the units transferred out to the next department during the month?

a) $549,500

b) $584.400

c) $502,600

d) $535,000

Reference no: EM1311831

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