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

question 86

Multiple Choice

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 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 10% 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)$366,430
• B)$284,600
• C)$309,200
• D)$282,858

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Definitions:

Intimacy And Sexuality

Refers to the close, personal, and deeply physical aspects of relationships that encompass emotional, spiritual, and sexual connections.

Gestalt Therapy

A form of psychotherapy that focuses on the individual's experience in the present moment, the therapist-client relationship, the environmental and social contexts of a person's life, and the self-regulating adjustments people make as a result of the overall situation.

Retroflector

A psychological mechanism where an individual keeps back impulses or feelings towards others and redirects them towards themselves, often discussed in Gestalt therapy.

Introjector

An individual who unconsciously incorporates the attitudes, values, or ideas of others into their own personality.