Sumter Corporation 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 6,000 Percent complete with respect to materials 60%Percent complete with respect to conversion 20%Costs in the beginning inventory: Materials cost$78,200 Conversion cost$3,600 Units started during the month ? Units completed and transferred out during the month 70,000 Costs added to production during the month: Materials cost$286,600 Conversion cost$216,000 Work in process, ending: Units in process 8,000 Percent complete with respect to materials 75%Percent complete with respect to conversion 25% How much cost, in total,
was assigned to the units transferred out to the next department during the month?
A. $549,500
B. $535,000
C. $502,600
D. $584,400
Answer: A
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Consumer tastes for everything change from time to time, which is why it is important to evaluate customer ________ when deciding how to best position a product.
Fill in the blank(s) with the appropriate word(s).
Glasgow Enterprises started the period with 65 units in beginning inventory that cost $3.40 each. During the period, the company purchased inventory items as follows:PurchaseNo. of ItemsCost1310?$3.90?2145?$4.00?360?$4.40?Glasgow sold 335 units after purchase 3 for $12.30 each.What is Glasgow's cost of goods sold under FIFO?
A. $1139 B. $1364 C. $1274 D. $1474
Which one of the following rules tends to perform well with respect to percentage of jobs past due and variance of hours past due, but performs relatively poorly with respect to average flow time?
A) earliest due date B) shortest processing time C) first-come, first-served D) longest processing time
A large producer of snack foods feels that retailers do not promote its products aggressively enough because they also sell competitors' products. The producer should use some
A. manufacturers' agents. B. more aggressive sales reps. C. missionary sales reps. D. order getters. E. order takers.