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Saada Company Uses the Weighted-Average Method in Its Process Costing

Question 30

Multiple Choice

Saada Company uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Percent Units complete  Beginning work in process stock 3,70020% Transferred in from theprior department during March 59,000 Ending work in process stock 7,20060%\begin{array}{lrr}&&\text {Percent}\\&\text { Units}&\text { complete }\\ \text { Beginning work in process stock } &3,700&20 \% \\ \text { Transferred in from theprior department during March } &59,000\\ \text { Ending work in process stock } &7,200&60 \%\\\end{array}

The Fitting Department's production report indicates that the cost per equivalent unit for conversion cost for March was £5.99.
How much conversion cost was assigned to the units transferred out of the Fitting Department during March


A) £332,445.00
B) £375,573.00
C) £328,012.40
D) £353,410.00

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