Answer:
The total cost transferred from the first processing department to the next processing department during the month is closest to $ 245355
Explanation:
Calculation of Closing Work In Progress
800+7700-6600 = 1900
Calculation of total cost of raw materials and labor in first process
Materials = 5800+85300 = 91000
Conversion cost = 6500+168000 = 174500
Calculation of total equivalent units for Materials and Conversion Cost
Materials = 1900×70% + 6600×100% = 7930
Conversion Cost = 1900×10%+6600×100% =6790
Calculation of Total Cost per Equivalent unit
Materials = 91000/7930 = 11.475
Conversion Cost = 174500/6790 = 25.700
Total Cost per Equivalent unit = 37.175
Total cost transferred from the first processing department = 37.175× 6600