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

question 2

Multiple Choice

Barker Corporation uses the weighted-average method in its process costing system.This month,the beginning inventory in the first processing department consisted of 300 units.The costs and percentage completion of these units in beginning inventory were: A total of 9,100 units were started and 8,700 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 85% complete with respect to materials and 20% 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)$482,700
• B)$513,466
• C)$495,000
• D)$475,229

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Definitions:

Psychotic

Pertaining to psychosis, a severe mental disorder in which thought and emotions are so impaired that contact is lost with external reality.

Idealizes

The act of envisioning or depicting someone or something in an ideal form, often overlooking flaws or realities.

Unconditional Love

Love given without conditions or limitations, often described as true or pure love.

Ambivalent

describes a state of having mixed, conflicting, or contradictory feelings towards something or someone.