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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: | |||
Units in beginning work in process inventory | 1,900 | ||
Materials costs | $ | 8,300 | |
Conversion costs | $ | 3,600 | |
Percent complete with respect to materials | 55 | % | |
Percent complete with respect to conversion | 25 | % | |
Units started into production during the month | 7,800 | ||
Units transferred to the next department during the month | 7,000 | ||
Materials costs added during the month | $ | 111,400 | |
Conversion costs added during the month | $ | 84,500 | |
Ending work in process inventory: | |||
Units in ending work in process inventory | 2,700 | ||
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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$166,936
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$181,613
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$190,913
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$206,603
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