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In: Accounting

Esty Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Esty Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were:

Cost

Percent
Complete

Materials costs

$

5,800

50%

Conversion costs

$

6,500

30%

A total of 7,700 units were started and 6,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs

$

85,300

Conversion costs

$

168,000

The ending inventory was 70% complete with respect to materials and 10% complete with respect to conversion costs.

The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)

Multiple Choice

  • $265,600

  • $253,300

  • $316,098

  • $245,441

Solutions

Expert Solution

The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and calculation . For detailed answer refer to the supporting sheet.

ekkarill92 answered 1 year ago
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