Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first...
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Accounting
Haffner 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
1,400
Materials costs
$
8,700
Conversion costs
$
10,000
Percent complete with respect to materials
85
%
Percent complete with respect to conversion
55
%
Units started into production during the month
7,900
Units transferred to the next department during the month
7,000
Materials costs added during the month
$
103,600
Conversion costs added during the month
$
185,300
Ending work in process inventory:
Units in ending work in process inventory
2,300
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
50
%
The cost of ending work in process inventory in the first processing department according to the companys cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)
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