Question

Bistrol 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: 

Percent Cost Complete Materials costs $ 15,700 75% Conversion costs $ 7700 20% 

A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Cost Materials costs $ 186,300 Conversion costs $ 329,800 

The ending inventory was 70% complete with respect to materials and 60% 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 your intermediate calculations to 3 decimal places.) 

Select one 

• A $471,435 

• B. $539,500 

• C $578,294 

• D S516,100

Answer 1

Ans(A)	Tht total cost tramsferred from the first processing department to the next processing department during the month is closest to	$                  4,71,435.00
	Beginning Inventory	800
	Units Started	8400
	Cmpleted and transferred ut	7500
	Ending Inventory(800+8400-7500)	1700
	Bistol Corporation
	Cost Worksheet
	Flow of Production	Physical Units	Direct Material	Conversion
	Work in Process Beginning	800
	Started during Period	8400
	To account for	9200
	Units Completed	7500	7500	7500
	Work in Process Ending(1700*70%),(1700*60%)	1700	1190	1020
	Equivalent Units	9200	8690	8520
	Costs	Total	Direct Material	Conversion
	Work in Process beginning	$                      23,400.00	$                    15,700.00	$                    7,700.00
	Costs added during the period	$                  5,16,100.00	$                1,86,300.00	$              3,29,800.00
	Total cost to account for	$                  5,39,500.00	$                2,02,000.00	$              3,37,500.00
	Cost per Equivalent unit=($202000/8690),($337500/8520)	$                            62.858	$                          23.245	$                        39.613
	Assignment of costs
	Completed Units(7500*$62.858)			$              4,71,433.39
	Work in Process Ending
	Direct Material(1190*$23.245)		$                    27,661.68
	Conversion(1020*$39.613)		$                    40,404.93	$                  68,066.61
	Costs accounted for			$              5,39,500.00