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Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing...

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory 1,150
Materials costs $ 12,400
Conversion costs $ 22,650
Percent complete with respect to materials 75 %
Percent complete with respect to conversion 65 %
Units started into production during the month 9,500
Units transferred to the next department during the month 8,700
Materials costs added during the month $ 168,300
Conversion costs added during the month $ 357,500
Ending work in process inventory:
Units in ending work in process inventory 1,950
Percent complete with respect to materials 65 %
Percent complete with respect to conversion 50 %

The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round equivalent units to the nearest whole number and round all other intermediate calculations to 3 decimal places.)

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ekkarill92 answered 1 year ago
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