Business, 09.07.2021 15:40 ira51

K 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 2,000 Materials costs $ 8,400 Conversion costs $ 3,700 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 7,900 Units completed and transferred to the next department during the month 7,100 Materials costs added during the month $ 111,500 Conversion costs added during the month $ 84,600 Ending work in process inventory: Units in ending work in process inventory 2,800 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 % The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to: (Round your intermediate calculations to 3 decimal places.)

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K Corporation uses the weighted-average method in its process costing system. Data concerning the fi...

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