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

question 44

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.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The total cost transferred from the first processing department to the next processing department during the month is closest to:

• A) $332,500
• B) $345,000
• C) $322,777
• D) $377,485

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Definitions:

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The body's largest organ, which protects us from microbes and the elements, helps regulate body temperature, and permits the sensations of touch, heat, and cold.

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific symptoms or affects a specific location and is not simply a direct result of physical injury.

-pathy

A suffix used in medical terms to describe a disease or disorder affecting a specific body part or system.

Madness

A term historically used to describe severe mental illness or disorder, often characterized by delusion or hallucination.