Cameron Company Uses a Process Cost System and the Weighted

question 118

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: 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) :
$$\begin{array} { | l | r | l | } \hline & { \text { Units } } & \text { Costs } \\\hline \text { Work in Process, August 1 } & 100 & \$ 2,990 \\\hline \text { Work in Process, August 31 } & 200 & ( \mathrm {~A} ) \\\hline\end{array}$$

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

---

Definitions:

Potential Partners

Individuals, groups, or entities that a business may consider collaborating with for mutual benefit, often to expand markets or share resources.

Exit Strategies

Strategies for withdrawing from a business venture, investment, or situation.

Power Distance

A cultural dimension that describes the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Eastern Leaders

Influential figures or heads of state from Eastern countries, often referring to political or economic figures.