The following information relate to questions 13-15.

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were:

Cost Percent complete

Materials Cost $7100 75%

Conversion Cost $5700 25%

A total of 8,100 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Material Costs $136,800

Conversion Costs $322,400

The ending inventory was 80% complete with respect to materials and 75% complete with respect to conversion costs.

(Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places)

What are the equivalent units for conversion costs for the month in the first processing department?

A.

7,500

B.

825

C.

8,325

D.

8,600

Question 14

The cost per equivalent unit for materials for the month in the first processing department is closest to:

A.

$15.91

B.

$17.17

C.

$16.32

D.

$16.73

Question 15

The total cost transferred from the first processing department to the next processing department during the month is closest to:

A.

$424,373

B.

$472,000

C.

$459,200

D.

$486,614