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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 below:
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: | |
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Units in beginning work in process inventory | 1,400 |
Materials costs | $ 7,800 |
Conversion costs | $ 3,100 |
Percent complete with respect to materials | 55% |
Percent complete with respect to conversion | 25% |
Units started into production during the month | 7,300 |
Units transferred to the next department during the month | 6,500 |
Materials costs added during the month | $ 110,900 |
Conversion costs added during the month | $ 84,000 |
Ending work in process inventory: | |
Units in ending work in process inventory | 2,200 |
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: (Round "Cost per equivalent unit" to 3 decimal places.)
Multiple Choice
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$195,408
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$186,108
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$169,397
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$211,098
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