Question: Nile 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:

Nile 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: 600 units

Material Conversion

Costs included: $13,400 $8,600

Percent complete 70% 30%

Units started into production during the month: 9,300 units

Costs added during the month $188,200 $326,600

Ending work-in-process inventory:

Units in ending work-in-process inventory 1,500 units

Percent complete 60% 20%

The costs assigned to the units transferred out from the first processing department according to the companys cost system is closed to:

The answer is $505,732

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