Question: BrevardCompany uses the weighted-average method in its process costing system. The Packaging Department started the month with 250units in process that were 60%complete, received 1,410units

BrevardCompany uses the weighted-average method in its process costing system. The Packaging Department started the month with 250units in process that were 60%complete, received 1,410units from the Finishing Department, and had 180units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 30%complete with respect to conversion costs. During the month 1,480units were completed and transferred out. The cost per equivalent unit for direct materials is $ 2.41. The department incurred the following costs:

Beginning WIP Added this month Total
Transferred In $750 $13,100 $13,850
Direct Materials 600 3,400 4,000
Conversion Costs 200 6,360 6,560
Total $1,550 $22,860

$24,410

Of the $ 4,000 total costs for direct materials, what amount will be transferred out? (Round your answer to the nearest dollar.)

A.$ 3,398B.$ 433C.$ 4,000D.$ 3,567

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!