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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:
a. $304,000
b. $332,835
c. $270,706
d. $287,100
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