Bistrol Corporation Uses the Weighted-Average Method in Its Process Costing

question 281

Multiple Choice

Bistrol 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: A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
The ending inventory was 70% complete with respect to materials and 60% 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: (Round "Cost per equivalent unit" to 3 decimal places.)

• A) $516,100
• B) $471,435
• C) $539,500
• D) $578,294

---

Definitions:

Ratio

A mathematical expression that compares two numbers by division, indicating how much of one value there is compared to another.

Share Holdings

Ownership of a portion of a company through possession of its stock.

Lowest Terms

A fraction simplified to its most basic form, where the numerator and denominator are the smallest possible integers.

Ratio

A numerical ratio representing how often one number can be divided by another, showing either how many times one is included in the other or vice versa.