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Gunes Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing thepartment consisted of 1700
Gunes Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing thepartment consisted of 1700 unts. The costs and percentage completion of these units in beginning inventory were. Percent Cost Complete Materials costs $ 11,500 65% Conversion costs $ 13,700 3ex A total of 9.400 units were started and 8,300 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 $ 143,600 Conversion costs $360.40 The ending Inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs The cost per equivalent unit for materiols for the month in the first processing department is closest to Mule Choice
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