Froment corporation uses the weighted-average method in its

Reference no: EM13607185

Froment Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were:

Costs Percent Complete
Marginal costs... 1,700 50%
Conversion costs... 700 15%

A total of 7,900 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Costs Percent Complete
Marginal costs... 130,700
Conversion costs... 178,500

The ending inventory was 65% complete with respect to materials and 25% 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 is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

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

Reference no: EM13607185

Questions Cloud

Presented is information related to rogers co for the month : presented is information related to rogers co. for the month of january 2010. ending inventory per perpetual records

Draw a block-diagram of a yaw rate damping system include : draw a block-diagram of a yaw rate damping system.include the following components the airframe the rudder actuator the

The temperature in an electric oven is 192 degc the : the temperature in an electric oven is 192 degc. the temperature at the outer surface in the kitchen is 35.1 degc. the

A day later jim edwards the owner of easy printing a local : the outsourcing opportunitya day later jim edwards the owner of easy printing a local one-room printing operation in

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

1 why are z scores most often written with two decimal : 1. why are z scores most often written with two decimal places?2. what is the z score for a x value one standard

Calculate the average walking speed in normal times in : part a sand dunes in a desert move over time as sand is swept up the windward side to settle in the lee side. such as

Jessica massey a friend of smiths and an owner of a small : for the following scenarios use the cost information pertaining to the current production process. the special

How many gallons of brine must the plant take in per day : multi-stage flash distillation is used to desalinate seawater so it is fit for human consumption. a flash distillation

User Account

All Pages