Darden Enterprises determined that materials costs totaling $158,400 and conversion costs totaling...

Question

Darden Enterprises determined that materials costs totaling $158,400 and conversion costs totaling $130,200 were charged to a processing department in the month of
 July. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were 4,000 units in
 beginning work in process, 62,000 units were started into production in July, and 2,000 units were ending work in process that were 55% complete at the end of
 July. What total amount of manufacturing costs will be assigned to the units that were completed and transferred out of the process in July if the weighted average
 method is used? a.$290,400 b.$288,600 c.$283,724 d.$281,600

Robert · Accepted Answer

Computations appear below: 
Work in process, July 1             4,000 
Started in production                62,000 
Total units                                66,000 
Units transferred out                64,000 
Work in process                         2,

Darden Enterprises determined that materials costs totaling $158,400 and conversion costs totaling $130,200 were charged to a processing department in the month of July. Materials are added at the...

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