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

question 68

Multiple Choice

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 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 65% 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:

• A)$270,600
• B)$238,935
• C)$335,428
• D)$242,700

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Definitions:

Identity Cohesion

A psychological state where an individual’s sense of self is unified and consistent over time.

Role Confusion

A situation in which an individual is unsure about their role or identity, often occurring during adolescence as part of Erikson’s stages of psychosocial development.

Generativity/Stagnation

A stage in Erik Erikson's theory of psychosocial development where adults strive to create or nurture things that will outlast them, versus a sense of inactivity and personal impoverishment.

Erikson

Known for outlining the eight stages of psychosocial development which track an individual's progression and conflicts from infancy to late adulthood.