Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:           Beginning work in process inventory:       Units in beginning work in process inventory   500   Materials costs $ 7,800   Conversion costs $ 9,100   Percent complete with respect to materials   85 % Percent complete with respect to conversion   55 % Units started into production during the month   7,000   Units transferred to the next department during the month   6,100   Materials costs added during the month $ 102,700   Conversion costs added during the month $ 184,000   Ending work in process inventory:       Units in ending work in process inventory   1,400   Percent complete with respect to materials   60 % Percent complete with respect to conversion   50 %   The total cost transferred from the first processing department to the next processing department during the month is closest to:     $287,100     $270,706     $332,835     $304,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

 


       
Beginning work in process inventory:      
Units in beginning work in process inventory   500  
Materials costs $ 7,800  
Conversion costs $ 9,100  
Percent complete with respect to materials   85 %
Percent complete with respect to conversion   55 %
Units started into production during the month   7,000  
Units transferred to the next department during the month   6,100  
Materials costs added during the month $ 102,700  
Conversion costs added during the month $ 184,000  
Ending work in process inventory:      
Units in ending work in process inventory   1,400  
Percent complete with respect to materials   60 %
Percent complete with respect to conversion   50 %

 

The total cost transferred from the first processing department to the next processing department during the month is closest to:
   
$287,100
   
$270,706
   
$332,835
   
$304,000
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