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

question 4

Multiple Choice

Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:

-How much cost,in total,was assigned to the units transferred out to the next department during the month?

• A) $549,500
• B) $584,400
• C) $502,600
• D) $535,000

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Definitions:

Disaster Risk

The likelihood of loss of life, injury, or destruction and damage from a disaster in a given period.

Suppliers

Entities that provide goods or services to another entity, typically within a supply chain, to assist in the production of final products or services.

Expected Monetary Value

A statistical technique in decision-making that calculates the average outcome when the future includes scenarios that may or may not happen.

Disaster Risk

The potential loss or damage that could result from the interaction of natural or human-made hazards with vulnerable conditions.