Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. domingo corporation uses the weighted-average meth

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

60.1K

Verified Solution

Question

Accounting

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 during the month:

Cost
Materials costs $ 160,700
Conversion costs $ 122,400

The ending inventory was 85% complete with respect to materials and 75% 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?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You work in a small-scale manufacturing facility that uses phthalic acid as the starting material for...

Chemistry
Q

Ace Products sells marked playing cards to blackjack dealers. It has not paid a dividend in...

Finance
Q

Choose a number between 0 and 100 for k. Enter your number in the blank...

Basic Math
Q

XXIf a company needs to create a box out of a piece of cardboard that...

Basic Math
Q

Describe the transformation of g(x) = 2 f(2x + 1) - 1.a) Vertical stretch by...

Algebra
Q

Elizabeths factory is completely destroyed in a fire. Her basis in the factory was $3...

Accounting
Q

Bramble Company reported the following information for 2019: - All sales are on credit. -...

Accounting
Q

Question Help The owner of BrooklynBrooklyn Restaurant is disappointed because the...

Accounting
Q

What states claimed what is now North Alabama as part of their western holdings during...

Accounting
Q

On its December 31, 2019, balance sheet, an entity appropriately reported a P4,000 credit balance...

Accounting
Q

Agents breach their duty of loyalty by buying for the principal from themselves even if...

Finance
Q

Tobi owns a perpetuity that will pay $2000 a year, starting one year from now....

Finance