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Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:

Work in process, beginning:   
Units in process                                                              1,000
Percent complete with respect to materials                     75%
Percent complete with respect to conversion                   50%
Costs in the beginning inventory:
Materials cost                                                                   $1,860
Conversion cost                                                                $3,400
Units started into production during the month                19,400
Units completed and transferred out during the month    18,500
Costs added to production during the month:
Materials cost                                                                    $126,268
Conversion cost                                                                 $278,759
Work in process, ending:
Units in process ?
Percent complete with respect to materials                       80%

Percent complete with respect to conversion                     40%
How much cost, in total, was transferred to the next department during the month?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9798564

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