Question
Haffner 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:
Haffner 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 | 500 | ||
| Materials costs | $ | 7,800 | |
| Conversion costs | $ | 9,100 | |
| Percent complete with respect to materials | 85 | % | |
| Percent complete with respect to conversion | 55 | % | |
| Units started into production during the month | 7,000 | ||
| Units transferred to the next department during the month | 6,100 | ||
| Materials costs added during the month | $ | 102,700 | |
| Conversion costs added during the month | $ | 184,400 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 1,400 | ||
| Percent complete with respect to materials | 60 | % | |
| Percent complete with respect to conversion | 50 | % | |
The total cost transferred from the first processing department to the next processing department during the month is closest to:
Multiple Choice
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$332,835
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$270,706
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$287,100
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$304,000
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
9780134486840
