Exhibit 4-1
Silva Coporation uses the weighted average process costing method.The Mixing Department at Silva had 17,000 units in beginning inventory.These units contained $70,000 in direct materials,$80,000 in direct labor,and $60,000 in overhead.During the period,the department incurred costs of $320,000 in direct materials,$400,000 in direct labor and $200,000 in overhead and started 80,000 units.Ending inventory consisted of 6,000 units which were 100% complete with respect to direct materials and 50% complete with respect to direct labor and overhead.
-Refer to Exhibit 4-1.What is the total cost of units transferred out?
A)$1,221,580
B)$1,150,420
C)$1,079,260
D)$1,082,900
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 4-1
Silva Coporation uses the weighted average process costing method.The Mixing Department at Silva had 17,000 units in beginning inventory.These units contained $70,000 in direct materials,$80,000 in direct labor,and $60,000 in overhead.During the period,the department incurred costs of $320,000 in direct materials,$400,000 in direct labor and $200,000 in overhead and started 80,000 units.Ending inventory consisted of 6,000 units which were 100% complete with respect to direct materials and 50% complete with respect to direct labor and overhead.
-Refer to Exhibit 4-1.What is the total cost of units transferred out?
A)$1,221,580
B)$1,150,420
C)$1,079,260
D)$1,082,900
E)None of the answer choices is correct.

Exhibit 4-1 Silva Coporation Uses the Weighted Average Process Costing Method.The Mixing