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

question 8

Multiple Choice

Esty 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 7,700 units were started and 6,600 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 10% 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) $253,300
• B) $245,441
• C) $316,098
• D) $265,600

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Definitions:

Muffled Speech

Speech that is difficult to understand due to distortion or low volume, often a symptom of a medical condition or obstruction.

Cholesteatoma

An abnormal, noncancerous skin growth that can develop in the middle section of the ear, behind the eardrum, often leading to hearing loss.

Otosclerosis

A condition affecting the ear where abnormal bone growth in the middle ear causes hearing loss.

Postmastoidectomy

Pertaining to the period after the surgical removal of mastoid cells, which is part of the temporal bone in the skull.