Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Acklac Corpotarion uses the weighted avert we mentor in its processing costing system. This month, the beginning inventory in the first processing department consisted of

Acklac Corpotarion uses the weighted avert we mentor in its processing costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in the beginning inventory are in the image below. A total of 9,200 units were started and 8,300 units were transferred to the second processing department during the month. The following costs were incurred in the processing during the month in the image below. The ending inventory was 75% complete with respect to materials and 15% complete with repspect to conversion costs. What is the total cost transferred from the first processing department to the next presides song department during the month is closest to? image text in transcribed
Acklac Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing $12,000 $2. Percent Complete 65% 10% Materials costs Conversion costs A total of 9,200 units were started and 8,300 units were transferred to the second processing department during the month. The following costs Materials costs Conversion costs $200,800 $225,500 The ending inventory was 75% complete with respect to materials and 15% 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 The total cost transferred from the first processing department to the next processing department during the month is closest to: O $485.486 O $407024 O $426.300 O $440300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Explain the importance of Human Resource Management

Answered: 1 week ago

Question

Discuss the scope of Human Resource Management

Answered: 1 week ago

Question

Discuss the different types of leadership

Answered: 1 week ago

Question

Write a note on Organisation manuals

Answered: 1 week ago