Question: Carpenter Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600

 Carpenter Corporation uses the weighted average method in its process costing
system. This month, the beginning inventory in the first processing department consisted

Carpenter Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 60% 55% Cost $5,200 $ 8,500 Materials costs Conversion costs A total of 7.800 units were started and 7,100 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 Conversion costs $ 95,000 $169,200 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month? Multiple Choice 006 1.300 7,200

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!