Question
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: Units in beginning work in process inventory 1,300 Materials costs $ 7,700 Conversion costs $ 3,000 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 7,200 Units transferred to the next department during the month 6,400 Materials costs added during the month $ 110,800 Conversion costs added during the month $ 83,900 Ending work in process inventory: Units in ending work in process inventory 2,100 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 %
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