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

question 49

Multiple Choice

Carmon 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 7,900 units were started and 6,900 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 70% complete with respect to materials and 35% 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)$334,200
• B)$367,616
• C)$294,947
• D)$308,600

---

Definitions:

Freud

An Austrian neurologist and the founder of psychoanalysis, known for his theories about the unconscious mind and the development of personality.

Basic Anxiety

Basic anxiety is a term coined by psychoanalyst Karen Horney, referring to feelings of helplessness and insecurity that arise from a hostile environment.

Horney

A psychoanalyst known for her theories on neurosis, personality, and her critiques of Freud's views on women.

Neurotic Need

Refers to one of the ten specific psychosocial needs identified by psychoanalyst Karen Horney that individuals may develop in response to anxiety stemming from interpersonal relationships.