Question
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.
110 units in beginning WIP (65% complete with respect to conversion costs).
7,564 units started
242 units in ending WIP (72% complete with respect to conversion costs).
$1,020 Beginning WIP direct material costs
$1,075 Beginning WIP conversion costs
$10,792 Current period direct material costs
$13,696 Current period conversion costs
What is the department's conversion cost in ending WIP for this month (round final answer to nearest cent if necessary)?
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