The Davidson Company uses a weighted average process costingsystem. The following information was reported for the AssemblyProcess for January. Materials are added at the beginning of theprocess and are 100%.
| Units: | units | % complete for conversions |
| work in process, 1/1 | 60,000 | 15% |
| started | 105,000 | |
| work in process, 1/31 | 40,000 | 20% |
| | |
| Costs: | | |
| Materials | Conversion |
| beginning work in process | $ 16,500 | $ 33,250 |
| current costs | $643,500 | $332,500 |
What is the cost assigned to the units completed and transferred tofinishing?
a.$976,000
b.$843,750
c.$708,750
d.$777,500
e.None of these choices are correct.
