Transcribed Image Text
In: AccountingHaffner Corporation uses the weighted-average method in itsprocess costing system. Data concerning the first processing...Haffner Corporation uses the weighted-average method in itsprocess costing system. Data concerning the first processingdepartment for the most recent month are listed below:Beginning work in process inventory:Units in beginning work in process inventory1,400Materials costs$8,700Conversion costs$10,000Percent complete with respect to materials85%Percent complete with respect to conversion55%Units started into production during the month7,900Units transferred to the next department during the month7,000Materials costs added during the month$103,600Conversion costs added during the month$185,300Ending work in process inventory:Units in ending work in process inventory2,300Percent complete with respect to materials60%Percent complete with respect to conversion50%The cost of ending work in process inventory in the firstprocessing department according to the company’s cost system isclosest to: (Round "Cost per equivalent unit" to 3 decimalplaces.)