Question: ABC Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units.

ABC Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventor were: Percent Cost Complete Materials costs.. . ......... P5,500 50% Conversion costs...... P1,700 20% A total of 6,800 units were started and 6,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs.............. P158,700 Conversion costs........ P120,400 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. How many units are in ending work in process inventory in the first processing department at the end of the month? O 700 900 O 6.400

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the department consisted of 800 units. The costs and percentage completion of...

ABC Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department samansted of 400 units The costs and percentage...

ennenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the Lepartment consisted of 2.200 units. The costs and percentage...

Diston Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,000 units in its beginning work in...

1 The Assembly Department started the month with 15,000 units in its beginning work in process inventory. An additional 298,500 units were transferred in from the prior department during the month to...

Inacio 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...

1. Diston Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,000 units in its beginning work in...

45a. Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and...

1. The following information pertains to Yap Company's Grinding Department for the month of April: Units Materials Costs Beginning work in process 19,000 $11,500 Started in April 39,000 $26,000 Units...

1) Research and summarize 2-3 types of Contracts that were valid as a matter of Public Policy in the late 1800s early 1900s but would not be accepted today because of our changes in our society Q2)...

What is the magnitude of the acceleration of a sprinter running at 10m/s when rounding a turn of a radius 25m?

Which of the following has the highest level of liquidity? A . Amounts owed by debtors B . Raw materials inventory C . Finished goods for resale D . Cash

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....