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Gomez Company Manufactures Generic Notebooks Direct materials added in June $285,000Conversion costs added in June $210,000\begin{array} { l } \text {Direct materials added in June }&\$285,000\\ \text {Conversion costs added in June }&\$210,000\\\end{array}

Question 131

Multiple Choice

Gomez Company manufactures generic notebooks.Material is introduced at the beginning of the process in the Printing Department.Conversion costs are applied uniformly throughout the process.The weighted-average method of process costing is used.Data for the Printing Department for the month of June follow:
Work-In-Process Inventory,June 1:
 Units15,000Direct materials ( 100% complete)  $35,000Conversion costs ( 30% complete)  $8,400\begin{array} { l } \text { Units}&15,000\\ \text {Direct materials ( \( 100 \% \) complete) }&\$35,000\\ \text {Conversion costs ( \( 30 \% \) complete) }&\$8,400\\\end{array}

Units started in June 65,000 Units completed in June62,000Work-In-Process Inventory, June 30 18,000\begin{array} { l } \text {Units started in June }&65,000\\ \text { Units completed in June}&62,000\\ \text {Work-In-Process Inventory, June 30 }&18,000\\\end{array}

Direct materials added in June $285,000Conversion costs added in June $210,000\begin{array} { l } \text {Direct materials added in June }&\$285,000\\ \text {Conversion costs added in June }&\$210,000\\\end{array}

With regard to the Work-In-Process Inventory on June 30,materials are 100 percent complete and conversion costs are 60 percent complete.The total cost of goods transferred out of the Printing Department is ________.


A) $420,825
B) $434,000
C) $495,000
D) $543,000

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