Question: Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Kurtulus Corporation 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 2,200
Materials costs $ 8,600
Conversion costs $ 3,900
Percent complete with respect to materials 55 %
Percent complete with respect to conversion 25 %
Units started into production during the month 8,100
Units transferred to the next department during the month 7,300
Materials costs added during the month $ 111,700
Conversion costs added during the month $ 84,800
Ending work in process inventory:
Units in ending work in process inventory 3,000
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 your intermediate calculations to 3 decimal places.)

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