Byklea Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,900 units. The costs and percentage completion of these units in beginning inventory were:
|
Cost
|
Percent Complete
|
|
Materials costs
|
$6,400
|
75%
|
|
Conversion costs
|
$6,100
|
40%
|
A total of 16,100 units were started and 15,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
|
Materials costs
|
$246,400
|
|
Conversion costs
|
$172,500
|
|
The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs.
|
|
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least two decimal places.
|
The total cost transferred from the first processing department to the next processing department during the month is:
a. $383,571
b. $418,900
c. $431,400
d. $451,260