Cost allocated to units transferred to next department


Q1) Sumter Company utilizes the weighted-average method in its process costing system. Following data pertain to operations in first processing department for recent month:

Work in process, beginning:

Units in process 6,000
Percent complete with respect to materials 60%
Percent complete with respect to conversion 20%

Costs in beginning inventory

Material cost $78,200
Conversion cost $3,600
Units started during the month ?
Units completed and transferred out during the month 70,000

Costs added to production during the month:

Materials costs $286,600
Conversion costs $216,000

Work in process ending:

Units in process 8,000
Percent complete with respect to materials 75%
Percent complete with respect to conversion 25%

How much cost, in total, was allocated to the units transferred out to next department in the month?

a) $549,500

b) $584.400

c) $502,600

d) $535,000

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Cost allocated to units transferred to next department
Reference No:- TGS018995

Expected delivery within 24 Hours