fod points awarded Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning Inventory were: 0/3 points awarded Scored Materials costs Conversion costs Cost Percent Complete $ 10,600 $ 12,800 65% 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month 27 eBook Cost Materials costs Conversion costs $ 142,100 $ 359,500 The ending Inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The total cost transferred from the first processing department to the next processing department during the month is closest to: Multiple Choice O $476,929 O $599,376 $501,600 $525,000
fod points awarded Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning Inventory were: 0/3 points awarded Scored Materials costs Conversion costs Cost Percent Complete $ 10,600 $ 12,800 65% 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month 27 eBook Cost Materials costs Conversion costs $ 142,100 $ 359,500 The ending Inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The total cost transferred from the first processing department to the next processing department during the month is closest to: Multiple Choice O $476,929 O $599,376 $501,600 $525,000
Chapter1: Financial Statements And Business Decisions
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