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Colorful Creations Corporation
the Colorful Creations Corporation Makes Wreaths in Two

Question 102

Multiple Choice

Colorful Creations Corporation
The Colorful Creations Corporation makes wreaths in two departments: Forming and Decorating.Forming began the month with 500 wreaths in process that were 100 percent complete as to material and 40 percent complete as to conversion.During the month,6,500 wreaths were started.At month end,Forming had 2,100 wreaths that were still in process that were 100 percent complete as to material and 50 percent complete as to conversion.Assume Forming uses the weighted average method of process costing.Costs in the Forming Department are as follows:

 Beginning Work in Process Costs:    
   Material  $1,000
   Conversion  1,500
 Current Costs:    
    Material  $3,200
   Conversion  5,045

The Decorating Department had 600 wreaths in process at the beginning of the month that were 80 percent complete as to material and 90 percent complete as to conversion.The department had 300 units in ending Work in Process that were 50 percent complete as to material and 75 percent complete as to conversion.Decorating uses the FIFO method of process costing,and costs associated with Decorating are:
Beginnning WIP Inventory :
 Transferredred In $1,170 Material 4,320 Conversion 6,210 Current Period:  TransferredIn ? Material $67,74 Conversion 95,820\begin{array}{lc}\text { Transferredred In } & \$ 1,170 \\\text { Material } & 4,320 \\\text { Conversion } & 6,210 \\\text { Current Period: } & \\\text { TransferredIn } &? \\\text { Material } &\$ 67,74\\\text { Conversion } & 95,820\end{array}

Refer to Colorful Creations Corporation.How many units were transferred to Decorating during the month?


A) 600
B) 4,900
C) 5,950
D) 7,000

Correct Answer:

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