Use the following information for the next 5 questions.
You are given the following information for the SJK Company for January: The total processing cost per equivalent unit was $15 in January. SJK considers spoilage equal to 5% of the good units transferred out to finished goods to be normal. SJK uses the weighted average method of process costing for its sole production department, and inspection for spoiled units occurs at the end of processing.
-The costs attached to good units completed and transferred out total
A) $375,000
B) $405,000
C) $425,250
D) $435,000

Question

Use the following information for the next 5 questions.
You are given the following information for the SJK Company for January:  The total processing cost per equivalent unit was $15 in January. SJK considers spoilage equal to 5% of the good units transferred out to finished goods to be normal. SJK uses the weighted average method of process costing for its sole production department, and inspection for spoiled units occurs at the end of processing.
-The costs attached to good units completed and transferred out total
A) $375,000 
B) $405,000 
C) $425,250 
D) $435,000

Quizplus · Accepted Answer

The correct total cost of good units completed and transferred out is $425,250.

Use the Following Information for the Next 5 Questions