Question
Hulu Inc. manufactures flutes using a two-department process. Direct materials are added at the beginning of the process in both the Assembly Department and the
Hulu Inc. manufactures flutes using a two-department process. Direct materials are added at the beginning of the process in both the Assembly Department and the Finishing Department. Conversion costs are applied uniformly during both processing departments. The following has been reported for the Finishing Department for the month of July: Units in beginning work in process (70% complete) 14,200 Units in ending work in process (25% complete) 10,000 Units transferred in from Assembly in July 67,800 Costs in beginning work in process: Transferred-in costs $95,870 Direct materials $28,560 Conversion costs $27,092 Cost of units transferred in from Assembly in July $633,930 Costs added during July: Direct materials $155,940 Direct labor $91,720 Applied overhead $137,468 17. Assume Hulu uses the weighted-average method, what was the total cost of completed units transferred out of the Finishing Department in July? (Round the cost per equivalent unit to the nearest penny. Round your final answer to the nearest dollar.) a. $915,042 b. $409,680 c. $1,050,480 d. $1,019,058 e. $1,045,205 f. $843,302 g. $1,196,380 h. $989,202 i. None of the above
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