Question: A Corporation uses the weighted-average method in its process costing system. The following information is provided for the current month for the first processing department

A Corporation uses the weighted-average method in its process costing system. The following information is provided for the current month for the first processing department (Department 1). Beginning inventory Materials (30% complete) Conversion (65% complete) 700 units Units started during the month 9,200 units Units completed during the month 8,300 units Ending inventory 1,600 units Materials (55% complete) Conversion (15% complete) The equivalent units in ending WIP Inventory for conversion costs in Department 1 during the month was: O 105 EU. 240 EU. 1,245 EU. 880 EU

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