Question

Kuzuck 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:

Beginning work in process inventory:
Units in beginning work in process inventory	850
Materials costs	$12,300
Conversion costs	$5,300
Percent complete with respect to materials	65%
Percent complete with respect to conversion	30%
Units started into production during the month	11,200
Units transferred to the next department during the month	10,800
Materials costs added during the month	$122,835
Conversion costs added during the month	$207,965
Ending work in process inventory:
Units in ending work in process inventory	1,250
Percent complete with respect to materials	60%
Percent complete with respect to conversion	20%

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: (Round your cost per equivalent unit answers to 2 decimal places.)

$373,910

$334,800

$343,331

$349,731

Answer 1

	WACC
		Equivalent Unit Of Production
			Physical units		Direct material		Conversion costs
	Add :Completed Units		10800		10800		10800
	(11200+850-1250)
	Add :Ending Invenotry		1250		750		250
	Equivalent Unit Of Production				11550		11050
	Material	11550
	Conversion Costs	11050
	Cost Per Equivalent Unit
			Total Production costs		Direct Materials		Conversion Costs
	Work in Progress		17600		12300		5300
	Current Period Cost		330800		122835		207965
			348400		135135		213265
	No of Equivalent units				11550		11050
	Cost Per Equivalent Units				11.70		19.30
		$
	Material	11.70
	Conversion Costs	19.30
	Cost of Ending Inventory
			Total Cost		Direct Materials		Conversion Costs
	No of Equivalent units (A)				750		250
	Cost Per Equivalent Units (B)				11.70		19.30
	Cost (A X B)		13,600		8,775		4,825
	Cost of goods transferred out Of Inventory
			Total Cost		Direct Materials		Conversion Costs
	No of Equivalent units (A)				10800		10800
	Cost Per Equivalent Units (B)				11.70		19.30
	Cost (A X B)		334,800		126,360		208,440
	The total cost transferred from the first processing department to the next processing department during the month
	Cost of Goods Transfered		334,800.00