Cameron Company uses a process cost system and the weighted average method to account for its production. The following information was available for August: During the month, 800 units were started into production, and $5,000 in costs were incurred. Ending inventory was 50% complete. The cost of the units transferred out would be (Do not round your intermediate calculations. Round your final answer to the nearest dollar):
$$\begin{array} { | l | r | l | }
\hline & { \text { Units } } & \text { Costs } \
\hline \text { Work in Process, August 1 } & 100 & \$ 2,990 \
\hline \text { Work in Process, August 31 } & 200 & ( \mathrm {~A} ) \
\hline
\end{array}$$
A)$6,392.
B)$5,000.
C)$5,085.
D)None of these.

Question

Cameron Company uses a process cost system and the weighted average method to account for its production. The following information was available for August: During the month, 800 units were started into production, and $5,000 in costs were incurred. Ending inventory was 50% complete. The cost of the units transferred out would be (Do not round your intermediate calculations. Round your final answer to the nearest dollar):
$$\begin{array} { | l | r | l | } 
\hline &  { \text { Units } } & \text { Costs } \
\hline \text { Work in Process, August 1 } & 100 & \$ 2,990 \
\hline \text { Work in Process, August 31 } & 200 & ( \mathrm {~A} ) \
\hline
\end{array}$$
A)$6,392.
B)$5,000.
C)$5,085.
D)None of these.

Quizplus · Accepted Answer

The Answer of Cameron Company uses a process cost system and the weighted average method to account for its production. The following information was available for August: During the month, 800 units were started into production, and $5,000 in costs were incurred. Ending inventory was 50% complete. The cost of the units transferred out would be (Do not round your intermediate calculations. Round your final answer to the nearest dollar):
$$\begin{array} { | l | r | l | } 
\hline &  { \text { Units } } & \text { Costs } \
\hline \text { Work in Process, August 1 } & 100 & \$ 2,990 \
\hline \text { Work in Process, August 31 } & 200 & ( \mathrm {~A} ) \
\hline
\end{array}$$
A)$6,392.
B)$5,000.
C)$5,085.
D)None of these.

Cameron Company Uses a Process Cost System and the Weighted