Business, 25.06.2020 05:01 BeverlyFarmer

Hall 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 1,000
Materials costs $7,100
Conversion costs $6,400
Percent complete with respect to materials 65%
Percent complete with respect to conversion 30%
Units started into production during the month 13,600
Units transferred to the next department during the month 12,300
Materials costs added during the month $137,224
Conversion costs added during the month $215,050

Ending work in process inventory:
Units in ending work in process inventory 2,300
Percent complete with respect to materials 60%
Percent complete with respect to conversion 25%

The total cost transferred from the first processing department to the next processing department during the month is closest to:

a. $356,256
b. $380,435
c. $341,325
d. $349,856

Answers: 2

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Answers

Answer from: jose477

c. $341,325

Explanation:

First determine the Equivalent Units of Production

Materials

Units completed and transferred (12,300 × 100%) = 12,300

Units in Ending Work In Process Inventory ( 2,300 ×60%) = 1,380

Equivalent Units of Production = 13,680

Conversion

Units completed and transferred (12,300 × 100%) = 12,300

Units in Ending Work In Process Inventory ( 2,300 ×25%) = 575

Equivalent Units of Production = 12,875

Next Determine the Total Cost Incurred during the period

Materials

Cost in Units of Opening Work In Process = $7,100

Incurred during the period = $137,224

Total Cost = $144,324

Conversion

Cost in Units of Opening Work In Process = $6,400

Incurred during the period = $215,050

Total Cost = $221,450

Then Determine the Total Cost per Equivalent unit of Production

Cost per Equivalent unit = Total Cost / Total Equivalent Units

Materials = $144,324 / 13,680

= $10.54

Conversion = $221,450 / 12,875

= $17.20

Total = $10.54 + $17.20 = $27.74

Finally calculate total cost transferred from the first processing department to the next processing department

total cost transferred = Units transferred × Total cost per equivalent unit of production.

= 12,300 × $27.74

= $341,202

Conclusion :

The total cost transferred from the first processing department to the next processing department during the month is closest to $341,325

Answer from: Quest

its high unemployment figures

i just had a test with that question

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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Hall Corporation uses the weighted-average method in its process costing system. Data concerning the...