Cameron Company Uses a Process Cost System and the Weighted

question 63

Multiple Choice

Cameron Company uses a process cost system and the weighted average method to account for its production.The following information was available for August: $\begin{array}{|l|r|l|}\hline & \text { Units } & \text { Costs } \\\hline \text { Work in Process, August 1 } & 100 & \$ 2,990 \\\hline \text { Work in Process, August 31 } & 200 & (\mathrm{~A}) \\\hline\end{array}$ During the month,800 units were started into production,and $5,000 in costs were incurred.Ending inventory was 50% complete.The cost of the units transferred out would be (Do not round your intermediate calculations.Round your final answer to the nearest dollar) :

• A) $6,392.
• B) $5,000.
• C) $5,085.
• D) None of these.

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Definitions:

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