PCS Corporation manufactures clocks using a two-department process. Direct materials are added in both the Assembly and Finishing Departments. Conversion costs are applied uniformly throughout the process. The FIFO method of process costing is used. Data for the Finishing Department for the month of April follow:

- What was the cost transferred from the Finishing department in April?

Question

PCS Corporation manufactures clocks using a two-department process. Direct materials are added in both the Assembly and Finishing Departments. Conversion costs are applied uniformly throughout the process. The FIFO method of process costing is used. Data for the Finishing Department for the month of April follow:

- What was the cost transferred from the Finishing department in April?

Quizplus · Accepted Answer

The cost transferred from the Finishing department in April was $792,185. This figure is typically derived from accounting records specific to the production process, where costs from previous departments are accumulated and transferred as goods move through stages of production.

PCS Corporation Manufactures Clocks Using a Two-Department Process