The weighted-average method in its process costing system


Jumper Company 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 480     
  Percent complete with respect to materials 75%
  Percent complete with respect to conversion 50%
  Costs in the beginning inventory:
  Materials cost $1,980     
  Conversion cost $4,220     
  Units started into production during the month 21,000     
  Units completed and transferred out during the month 20,100     
  Costs added to production during the month:
  Materials cost $157,050     
  Conversion cost $274,582     
  Work in process, ending:
  Units in process ?     
  Percent complete with respect to materials 80%
  Percent complete with respect to conversion 40%
How much cost, in total, was transferred to the next department during the month?

$433,200

$428,100

$422,100

$431,300

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Accounting Basics: The weighted-average method in its process costing system
Reference No:- TGS0556660

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