Question: Jumbo Equipment uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Jumbo Equipment uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: | |
| Beginning work in process inventory: | |
| Units in beginning work in process inventory | 1,100 |
| Materials costs | $7,500 |
| Conversion costs | $2,800 |
| Percent complete with respect to materials | 55% |
| Percent complete with respect to conversion | 25% |
| Units started into production during the month | 7,000 |
| Units transferred to the next department during the month | 6,200 |
| Materials costs added during the month | $110,600 |
| Conversion costs added during the month | $83,700 |
| Ending work in process inventory: | |
| Units in ending work in process inventory | 1,900 |
| Percent complete with respect to materials | 70% |
| Percent complete with respect to conversion | 55% |
| The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round "Cost per equivalent unit" to 3 decimal places and the final answer to the whole dollar.) | |
Group of answer choices
$188,805
$198,105
$171,263
$213,795
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