What is the total costs transferred from Department A to Department B?a.P327,240b.P313,500c.P289,750d.P323,400 RC Company produces a product that undergoes three processes and thecompleted items at end of process 3 are the items to be sold to customers...For December 2021, RC Company presented the following costs on threeprocesses:Costs incurred:Process AProcess BProcess C100,000.0092,400.0073,920.0040% at beginning,Materials149,40098,80079,04080% at the122,25096,80077,44050% at beginning,Direct LaborOverheadMaterials areadded at:beginning,remaining 20% at50% complete.50% at 80%30% at 50%completecomplete, andremaining 30% at80% complete.Started/Transferred 50,000 unitsInCompleted andtransferred out49,000 units47,500 units45,000 unitsIn Process, end1,000 units 40%1,000 units 70%1,500 units 60%completecomplete, 500 unitsat 40% complete.complete; 1,000units 30% complete

Working Equivalent units for Material cost = (49000 units *100%)+ (1000 units * 80%) = 49000+ 800…

sts incurred: Process A Process B Pro terials 149,400 98,800 79,040 80% at the 122,250 96,800 77,440 50% at beginning, 10 ect Labor 92, 73, 409 erhead terials are ded at: beginning, 50% at 80% 309 remaining 20% at complete

sts incurred: Process A Process B Pro terials 149,400 98,800 79,040 80% at the 122,250 96,800 77,440 50% at beginning, 10 ect Labor 92, 73, 409 erhead terials are ded at: beginning, 50% at 80% 309 remaining 20% at complete

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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