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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 listed
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: Units in beginning work in process inventory 600 Materials costs $ 7,000 Conversion costs $ 2,300 Percent complete with respect to materials 1 55 % Percent complete with respect to conversion 25 % Units started into production during the month 6,500 Units transferred to the next department during the month 5,700 Materials costs added during the month $ 110.100 Conversion costs added during the month. $ 83.200 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 The total cost transferred from the first processing department to the next processing department during the month is closest to: $202,624 O $193,298 $175.246 $218,290 Step by Step Solution
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