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 1900? Materials costs $ 8300? Conversion costs $ 3600? Percent complete with respect to materials 55? % Percent complete with respect to conversion 25? % Units started into production during the month 7800? Units transferred to the next department during the month 7000? 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 2700? Percent complete with respect to materials 70? % Percent complete with respect to conversion 55? % The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round your intermediate calculations to 3 decimal places.)
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 Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs 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 The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round your intermediate calculations to 3 decimal places.) 1900 $8300 $3600 55% 25% 7800 7000 $111,400 $84,500 2700 70% 55%Step by Step Solution
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