Question 2. 2. (TCO B) Carter Corporation uses the weighted-average method in its process costing...
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Question 2. 2. (TCO B) Carter 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. Work in process, beginning:
Units in beginning work-in-process inventory
600
Materials costs
$6,900
Conversion costs
$2,500
Percentage complete for materials
80%
Percentage complete for conversion
15%
Units started into production during the month
6,300
Units transferred to the next department during the month
5,800
Materials costs added during the month
$112,500
Conversion costs added during the month
$210,300
Ending work in process:
Units in ending work-in-process inventory
1,100
Percentage complete for materials
70%
Percentage complete for conversion
40%
Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department. (Points : 30)
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