Cost assigned to the units transferred to the next department costing.
Sumter 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
|
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 assigned to the units transferred out to the next department during the month?
a) $549,500
b) $584.400
c) $502,600
d) $535,000