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

question 119

Multiple Choice

Acklac Corporation uses the weighted-average method in its process costing system.This month,the beginning inventory in the first processing department consisted of 700 units.The costs and percentage completion of these units in beginning inventory were: A total of 9,200 units were started and 8,300 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 75% complete with respect to materials and 15% 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:

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Definitions:

Misdemeanor

A criminal offense considered less severe than a felony, typically punishable by fines, community service, or imprisonment for less than one year.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties to come to a mutually acceptable agreement.

U.S. Government

The government of the United States, a federal republic consisting of a national government, 50 states, the District of Columbia, and several territories.

Federal Court

A Federal Court is a court established by the federal government of a country, having jurisdiction over matters specifically reserved for the national government by the constitution.