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Kurtulus Corporation uses the weighted average method in its process costing system. Data concerning the first processing department for the most recent month are
Kurtulus Corporation uses the weighted average method in its process costing system. Data concerning the first processing department for the most recent month are listed below Beginning work in process inventory Unite in beginning work in process inventory Materials costs Conversion contai Percent complete with respect to materials Percent complete with respect to conversion 1,800 $ 8,200 $3,500 556 256 7,700 6,900 Units started into production during the month Units transferred to the next department during the month Materials costa added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion $111,300 $ 84,400 2,600 70% 558 The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per quivalent unit" to 3 decimal places. Round "Cost of ending work in process inventory" to the nearest whole dollar amount.)
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