Question

can someone help me with this practice problem i cant seem to figure it out

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: $ $ Bee 7,200 2,500 55% 25% Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 6,700 5,900 $110,300 $ 83,400 1,600 70% 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.)

Answer 1

	Materials	Conversion
Units completed and transferred out	5900	5900
Work in process, ending:
1600 X 70%	1120
1600 X 55%		880
Equivalent units of production	7020	6780
	Materials	Conversion
Work in process, beginning	7200	2500
Cost added during month	110300	83400
Total costs	117500	85900
Divide by Equivalent units of production	7020	6780
Cost per Equivalent unit	16.738	12.670
	Materials	Conversion	Total
Units completed and transferred out	5900	5900
X Cost per Equivalent unit	16.738	12.670
Cost of Units completed and transferred out	98754	74753	173507
Option C $173,507 is correct