Question: urtulus 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:
urtulus 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 |
| Materials costs | $ 7,000 |
| Conversion costs | $ 2,300 |
| Percent complete with respect to materials | 55% |
| Percent complete with respect to conversion | 25% |
| Units started into production during the month | 6,500 |
| Units transferred to the next department during the month | 5,700 |
| Materials costs added during the month | $ 110,100 |
| Conversion costs added during the month | $ 83,200 |
| Ending work in process inventory: | |
| Units in ending work in process inventory | 1,400 |
| 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.)
| $218,290 | ||
| $175,246 | ||
| $202,600 | ||
| $193,300 |
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