Question: Dodd 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.

 Dodd Corporation uses the weighted-average method in its process costing system.

Dodd 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: Cost Percent Complete 60% 20% 6,900 Materials costs Conversion costs Atotal of 9,100 units were started and 8,000 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 $322,900 The ending inventory was 70% complete with respect to materials and 65% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, se that is the closest to the answer you computed ect the answer How many units are in ending work in process inventory in the first processing department at the end of the month? 8,500 Units O 1,500 Units O 1700 Units O 1100 Units

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!