Question

rtulus 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 1,000
Materials costs $ 7,400
Conversion costs $ 2,700
Percent complete with respect to materials 55 %
Percent complete with respect to conversion 25 %
Units started into production during the month 6,900
Units transferred to the next department during the month 6,100
Materials costs added during the month $ 110,500
Conversion costs added during the month $ 83,600
Ending work in process inventory:
Units in ending work in process inventory 1,800
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 your intermediate calculations to 3 decimal places.)

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

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Answer #1

Answer: Option-(c): $171,965 Workings: Under weighted average method, equivalent units are to be calculated only for units coCost per equivalent units of production Cost of beginning work in process Cost added during the period Total Costs Divided by

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