The Dodd Company Uses a Weighted Average Process Costing System

question 16

Multiple Choice

The Dodd Company uses a weighted average process costing system. The following information was reported for the Assembly process for July. Materials are added at the beginning of the process and are 100%.
$\begin{array}{|l|c|l|}\hline{\text { Units: }} & \text { Units } &{\begin{array}{c}\text { \% Complete for } \\\text { Conversions }\end{array}} \\\hline \text { Work in process, } 7 / 1 & 60,000 & 15 \% \\\hline \text { Started } & 105,000 & \\\hline \text { Work in process, } 7 / 31 & 40,000 & 20 \%\\\hline & & \\\hline \text { Costs: } & & \\\hline & \text { Materials } & \text { Conversion } \\\hline \text { Beginning work in process } & \$ 16,500 & \$ 33,250 \\\hline \text { Current costs } & \$ 643,500 & \$ 332,500\\\hline \end{array}$
-Refer to the figure.What is the cost assigned to the units completed and transferred to finishing?

• A)$708,750
• B)$777,500
• C)$843,750
• D)$976,000

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Definitions:

Uterine Body

The central part of the uterus where implantation and development of the fetus occur.

Fertilized Ova

The result of a sperm cell and an egg cell uniting, marking the beginning of embryonic development.

Scrotum

A pouch of skin containing the testicles and parts of the spermatic cord, acting as a climate control system for the testes.

Urogenital Aperture

The external opening of the urinary and genital systems, especially in animals where these systems share a common pathway.