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

question 56

Multiple Choice

Hanson 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) $447,600
• B) $450,800
• C) $423,316
• D) $464,953

---

Definitions:

Frost

The formation of thin ice crystals on the ground or objects outside when the temperature falls below the freezing point of water.

Grapefruit Crop

The yield or harvest of grapefruit from a plantation or farm within a specific period.

Mayonnaise

A thick, creamy sauce or dressing made from oil, egg yolks, lemon juice or vinegar, and seasonings.

Spring Frost

An unexpected freeze during springtime that can damage or kill new plant growth and negatively impact agricultural production.