Question
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,200 units.
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,200 units. The costs and percentage completion of these units in beginning inventory were:
Cost | Percent Complete | ||||||
Materials costs | $ | 7,300 | 50% | ||||
Conversion costs | $ | 3,500 | 20% | ||||
A total of 8,600 units were started and 7,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
Cost | |||
Materials costs | $ | 160,500 | |
Conversion costs | $ | 122,200 | |
The ending inventory was 85% complete with respect to materials and 75% 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
-
6,400
-
700
-
1,800
-
2,900
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