Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Question

Question

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

$15.10

Please find below table useful to compute desired results: -

D B C Equivalent Units Whole units Materials Conversion 630 630 630 3 Beginning WIP inventory 4 Started & completed 5 Ending

630 7 Equivalent Units 2 Whole units Materials Conversion 3 Beginning WIP inventory 630 6301 4 Started & completed 75201 7520

Add a comment

Answer 2

Similar Homework Help Questions

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 670 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $7,600 70% Conversion costs $6,600 15% A total of 9,800 units were started and 8,350 units were transferred to the second processing department during the month. The following costs were incurred in...
Tesla uses a weighted average method in its process costing system. This month, the beginning inventory...

Tesla uses a weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were Cost Percent Complete Materials costs $12,000 65% Conversion costs $2,000 10% A total of 9,200 units were started and 8,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the...
Dodd Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Dodd Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs.......... $7,500 75% Conversion costs...... $4,000 45% A total of 5,400 units were started and 4,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the...

Pratt Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Pratt Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Material cost: 7,100 and 75% completed Conversion Cost: 5,700 and 25% completed A total of 8,100 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...
Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: Cost percent complete Material Cost $10,700 70% Conversion Cost $13,900 50% A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,000 50% Conversion costs $ 2,200 20% A total of 7,300 units were started and 6,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,100 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,200 50% Conversion costs $ 2,400 20% A total of 7,500 units were started and 6,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning...

Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 50% 20% Cost $6,000 $2,200 Materials costs Conversion costs A total of 7,300 units were started and 6,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,900 50% Conversion costs $ 3,100 20% A total of 8,200 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,500 50% Conversion costs $ 3,700 20% A total of 8,800 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...

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Homework Answers