Cost assigned to the units transferred to the next

Assignment Help Financial Accounting

Reference no: EM13356019

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: EM13356019

Questions Cloud

Calculate the following contribution margin break even : calculate the following contribution margin break even targeted profit.gilley inc. sells a single product.the companys

Average manufacturing cost per unit ending finished goods : average manufacturing cost per unit ending finished goods inventory gross margin.the following information pertains to

Direct amp indirect cost classification fixed amp variable : direct amp indirect cost classification fixed amp variable cost classification.whippany manufacturing wants to estimate

Cost classification into rampd design production marketing : cost classification into rampd design production marketing distribution customer service.classify each cost item of

Cost assigned to the units transferred to the next : cost assigned to the units transferred to the next department costing.sumter company uses the weighted-average method

Amount to be charged to arrive at break evenlifsey wedding : amount to be charged to arrive at break even.lifsey wedding fantasy company makes very elaborate wedding cakes to

Cost of goods manufactured balance in the raw materials : cost of goods manufactured balance in the raw materials inventory account.dasilvia company had only 1 job in process on

Ending work in process inventorythe morgan company uses the : ending work in process inventory.the morgan company uses the weighted average method in its process costing system.

Compute the overhead variancesconsider the following data : compute the overhead variances.consider the following data for the rivera companyfactory overheadfixed variableactual

User Account

All Pages