Flamingo Company uses the weighted-average method in its process-costing system. Operating data for the first processing department for September appear below for the physical flow of units, and for direct materials (DM) and conversion costs (CC).Flamingo Company uses the weighted-average method in its process-costing system. Operating data for the first processing department for September appear below for the physical flow of units, and for direct materials (DM) and conversion costs (CC).
Units % of completion: DM % of completion: CC
Beginning WIP inventory 900 60% 50%
Started into production during September 11,760
Ending WIP inventory 2,100 90% 70%
DM CC
Beginning WIP inventory $7,425 $ 13,409
Cost added during September $48,600 $ 82,831
Determine the cost of the units transferred out to the next department.
A. $ 20,265.00
B. $ 152,265.00
C. $132,000.00
D. $ 96,240.00
E. None of the above