Answered step by step
Verified Expert Solution
Question
1 Approved Answer
8 00 Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted
8 00 Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: 02:20:51 Percent Cost Complete Materials costs $ 15,700 75% Conversion costs $ 7,700 20% A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs Cost $186,300 $ 329,800 The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month? 1,700 1,200 7,600 900
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started