Answer:
c. $341,325
Explanation:
<em>First determine the Equivalent Units of Production</em>
<u>Materials</u>
Units completed and transferred (12,300 × 100%)              = 12,300
Units in Ending Work In Process Inventory ( 2,300 ×60%) =   1,380
Equivalent Units of Production                                             = 13,680
<u>Conversion</u>
Units completed and transferred (12,300 × 100%)              = 12,300
Units in Ending Work In Process Inventory ( 2,300 ×25%) =      575
Equivalent Units of Production                                             = 12,875
<em>Next Determine the Total Cost Incurred during the period</em>
<u>Materials</u>
Cost in Units of Opening Work In Process     =      $7,100
Incurred during the period                               = $137,224
Total Cost                                                          = $144,324
<u>Conversion</u>
Cost in Units of Opening Work In Process     =     $6,400
Incurred during the period                               = $215,050
Total Cost                                                          = $221,450
<em>Then Determine the Total Cost per Equivalent unit of Production</em>
Cost per Equivalent unit = Total Cost / Total Equivalent Units
Materials = $144,324 / 13,680
                = $10.54
Conversion = $221,450 / 12,875
                    = $17.20
Total = $10.54 + $17.20 = $27.74
<em>Finally calculate total cost transferred from the first processing department to the next processing department</em>
<em>total cost transferred  = Units transferred × Total cost per equivalent unit of production.</em>
                                      = 12,300 × $27.74
                                      = $341,202
Conclusion :
The total cost transferred from the first processing department to the next processing department during the month is closest to $341,325