Item18

Item18

Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October:

	Materials	Conversion
Units completed and transferred out	50,000	50,000
Equivalent units: work in process, October 31	10,000	4,000
Total equivalent units	60,000	54,000

	Materials	Conversion
Costs in work in process on October 1	$ 9,000	$ 5,400
Costs added to production during October	243,000	513,000
Total cost	$ 252,000	$ 518,400

All materials at Bettie are added at the beginning of the production process.

What total amount of cost should be assigned to the units completed and transferred out during October?

Multiple Choice

• $642,000

• $677,500

• $690,000

• $691,900