Solution-Total cost transferred from the first processing

Total cost transferred from the first processing

Reference no: EM13490936

Ermoin 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:

1623_Lowler Corporation1.png

A total of 5,700 units were started and 4,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

The ending inventory was 75% 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 is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

2075_Lowler Corporation4.png

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

$265,800

$242,055

$324,456

$251,700

Reference no: EM13490936

Questions Cloud

What was the horizontal distance in feet traveled by ball : A golf ball is sent flying at an angle of 35 degrees for a total flight time of 5 seconds. Landing at the same level from which it took off, what was the horizontal distance in feet traveled by the ball

Explain how many moles of naoh is that : how many moles of AlCl3 is that b.) How many moles of NaOH is that c.) Which is your limiting reagent d.) How much (in grams) solid Al(OH)3 is formed e.) What is the concentration of NaCl in the Erlenmeyer flask (total volume = 50.00 mL)

Explain the freezing point of the solution is lowered : Menthol is a crystalline substance with a peppermint taste and odor. When 0.829 g of menthol is dissolved in 25.0 g of cyclohexane, the freezing point of the solution is lowered by 4.42 °C

Determine the acceleration of the electron : At some instant the velocity components of an electron moving between two charged parallel plates are Vx=1.5*10^5 m/s. What is the acceleration of the electron

Total cost transferred from the first processing : Total cost transferred from the first processing department to the next processing department during the month is closest

Define what is the freezing point : The boiling point of an aqueous solution is 101.31 °C. What is the freezing point. Constants can be found here.

Find the energy stored in the battery : When a certain 12-V storage battery is charged, a total of 10^5 C degrees is transferred from one set of its electrodes to the other set

Cost of ending work in process inventory : Cost of ending work in process inventory in the first processing department according to the companys cost system

Define what is the percent yield for the reaction : For the following reaction: Fe(OH)2 + H3PO4 ----> Fe3(PO4)2 + H2O [Unbalanced] In a reaction, 3.20 g of Fe(OH)2 is treated with 2.50g H3PO4. If 3.62g of Fe3(PO4)2 is produced in the reaction, what is the percent yield for the reaction?

User Account

All Pages

Total cost transferred from the first processing

Reference no: EM13490936

Reference no: EM13490936

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Who are the potential stakeholders involved

What is the actual per-unit cost

Finlon upholstery inc uses a job-order costing system to

Pacific homecare has three bond issues outstanding all

What was the total cost transferred out

You are an accountant for the flower shoppe your supervisor

Questionchester has a new design for their product cedar

Notes receivable with unrealistic interest rate on december

Question leekee shipyards has a new barnacle-removing

Prepare the journal entries to record the issuance

Analyse the corporate law issues arising from the situation

Evaluate what is the loss on sale of equipment

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT