Business, 06.01.2021 17:40 kokomolope

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 700
Materials costs $7,100
Conversion costs $2,400
Percent complete with respect to materials 55%
Percent complete with respect to conversion 25%
Units started into production during the month 6,600
Units transferred to the next department during the month 5,800
Materials costs added during the month $110,200
Conversion costs added during the month $83,300

Ending work in process inventory:
Units in ending work in process inventory 1,500
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:--

a. $192,401
b. $174,348
c. $201,701
d. $217,391

Answers: 3

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Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning...

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