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

question 4

Multiple Choice

Hache Corporation uses the weighted-average method in its process costing system.Data concerning the first processing department for the most recent month are listed below: 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)$231,700
• B)$274,893
• C)$205,005
• D)$215,900

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Definitions:

Communism

A political and economic ideology that aims at creating a classless society in which the means of production are owned and controlled by the community as a whole.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit.

Capitalist States

Countries where the trade and industry are controlled by private owners for profit, rather than by the state.

Authoritarian States

Nations governed by a single ruler or a small group of individuals, where individual freedoms and democratic processes are limited.