In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,000 and ending work in process inventory of $13,000. During the month, $283,000 of costs were added to production.

In the department's cost reconciliation report for August, the total cost to be accounted for would be:

a. $590,000

b.$37,000

c.$614,000

d.$307,000

Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,400 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $7,800. An additional 89,800 units were started into production during the month and 92,800 units were completed in the Welding Department and transferred to the next processing department. There were 14,400 units in the ending work in process inventory of the Welding Department that were 90% complete with respect to conversion costs. A total of $203,200 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:

a. $2.240

b. $2.314

c. $1.995

d. $2.005

Under the weighted-average method, the cost of ending work in process inventory is determined by dividing the equivalent units of production for ending inventory by the cost per equivalent unit for each cost category and then summing the result.

A. True

B. False