the total cost transferred from the first processing department to the next processi 634496
The total cost transferred from the first processing department to the next processing department during the month is closest to
|
|
|
Percent |
|
|
Cost |
Complete |
|
Materials costs |
$12,700 |
85% |
|
Conversion costs |
$10,900 |
30% |
A total of 9,800 units were started and 8,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
|
Materials costs |
$175,600 |
|
Conversion costs |
$420,900 |
The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
The total cost transferred from the first processing department to the next processing department during the month is closest to:
A) $620,100
B) $646,832
C) $542,106
D) $596,500