Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carpenter Corporation uses the weighted - average m thod in its pr cess costing system. This month, the beginning inventory in the first processing department

Carpenter Corporation uses the weighted-average mthod in its prcess costing system. This month, the beginning inventory in the
first processing department consisted of 600 units, The costs and percentage completion of these units in beginning inventory were
Materials costs $520060% percent complete
Conversion costs $850055% percent complete
A total of 7,800 units were started and 7100 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 Cost $95000
conversion costs $ 169,200
The ending inventory was 85% complete with respect to materials and 70% 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?
multiple choice
a.1300
b.900
c.7200
d.700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago