Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,400 units. The costs and percentage completion of these units in beginning inventory were:
| Cost | Percent Complete |
||||||
| Materials costs | $ | 6,000 | 60% | ||||
| Conversion costs | $ | 9,300 | 55% | ||||
A total of 9,000 units were started and 7,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
| Materials costs | $ | 95,800 | |
| Conversion costs | $ | 170,000 | |
The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.
How many units are in ending work in process inventory in the first processing department at the end of the month?
Homework Answers
Units in ending work in process = Units in beginning work in process + Units started into production - Units transferred to the next department = 1,400 + 9,000 - 7,900 = 2,500
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Carpenter Corporation uses the weighted-average method in its
process costing system. This month, the beginning inventory...
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,600 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 608 55% Cost $6,200 $9,500 Materials costs Conversion costs A total of 9,300 units were started and 8,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the...
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,500 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete Cost $6,100 $9,400 Materials costs Conversion costs 60 55% A total of 9,150 units were started and 8,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the...
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Carpenter Corporation uses the weighted average method in its process costing system. This month, the beginning...
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Annenbaum Corporation uses the
weighted-average method in its process costing system. This month,
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10,500 units were started and 7,900 units were transferred to the
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