2. Fryer Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of700 units. The costs and percentage completion of these units in beginning inventory were:Cost PercentCompleteMaterial costs . . . . . . . . . $12,600 75% Conversion costs . . . . . . . . $8,900 60%A total of 7,300 units were started and 6,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:CostMaterial costs . . . . . . . . $132,200Conversion costs . . . . . . $117,500The ending inventory was 80% complete with respect to materials and 45% complete with respect to conversion costs.Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations toat least three decimal places.The total cost transferred from the first processing department to the next processing department during the month is closest to what amount?
Subject: hw business
Is this the multiple choice question. If yes, please provide the choices.
Hi Linda No, its not multiple choice question
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Post Graduate Diploma in Management (MBA)
Linda can you please put the solution back up on the box because its not coming upand I wanted to see how you got the answer I got a different answer. Thank you
Click here for SolutionRegardsLinda