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Question 26 3 points Lothian Corporation uses the weighted average method in its process costing system.Data concerning the first processing department for the most recent
Question 26 3 points Lothian 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 Bespinning work in process inventory Units in beginning work in process inventory 200 Materials costs $1,800 Conversion costs $1,400 Percent complete with respect to materials 35%. Percent complete with respect to conversion 209 Units started into production during the month 5.500 Units transferred to the west department during the month 3,200 Materials casts added during the month $80,000 Conversion costs added during the month 5171,300 Ending work in process inventory Unitsin ending work in process inventory Percent complete with respect to materials 669 Percent complete with respect to conversion 2596 Note: Your anwers may differ from those offered below due to rounding error, in all cases, select the answer that is the consent to the answer you computed. To reduce rounding error carry out al computations to at least three decimal places The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to 58.919 $15.609 15.95 $23.700 STE Gaeddert Corporation reported the following data for the month of July:PAGE 121 Inventories: Raw materials Work in process Finished goods Beginning Ending $36,000 $27,000 $13,000 $16,000 $36.000 $42,000 Additional information Sales Raw materials purchases Direct labor cost Manufacturing overhead cost Selling expense Administrative expense $250,000 $76,000 $33.000 $81,000 $24,000 $29,000 Rec2.13 The total manufacturing cost for July was $190,000 5114,000 $199,000 581.000
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