Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first...
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Accounting
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:
Beginning work in process inventory:
Units in beginning work in process inventory
2,100
Materials costs
$
8,500
Conversion costs
$
3,800
Percent complete with respect to materials
55
%
Percent complete with respect to conversion
25
%
Units started into production during the month
8,000
Units transferred to the next department during the month
7,200
Materials costs added during the month
$
111,600
Conversion costs added during the month
$
84,700
Ending work in process inventory:
Units in ending work in process inventory
2,900
Percent complete with respect to materials
70
%
Percent complete with respect to conversion
55
%
The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)
Garrison 16e Rechecks 2017-08-28
Garrison 16e Rechecks 2019-08-02
Multiple Choice
$189,115
$166,140
$204,805
$179,815
Answer & Explanation
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