Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Blue Devil Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700
Blue Devil Corporation uses the weighted-average method in its process 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 beginning inventory were: 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: Cost 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. 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.) Select one: O A $542,106 O B. $596,500 OC. $646,832 OD. $620,100
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started