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Sumter Corporation uses the weighted-average method In its process costing system. The following data pertain to operations In the first processing department for a recent
Sumter Corporation uses the weighted-average method In its process costing system. The following data pertain to operations In the first processing department for a recent month: Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion 6,000 60% 20% Costs in the beginning inventory: Materials cost Conversion cost $ 78,200 Units started during the month Units completed and transferred out during the month Costs added to production during the month: $ 3,600 70,000 $286,600 Materials cost Conversion cost $216,000 Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 8,000 75% 25% How much cost, In total, was assigned to the units transferred out to the next department during the month? Multiple Cholce $549,500 $584,400 $502600 $535.000
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