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