Question: Hanson 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:
Hanson 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:
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. What are the equivalent units for materials for the month in the first processing department?
Select one:
a. 480
b. 6,700
c. 6,580
d. 6,100
What are the equivalent units for conversion costs for the month in the first processing department?
Select one:
a. 360
b. 6,700
c. 6,100
d. 6,460
Beginning work in process inventory: Units in beginning work in process inventory.. Materials costs ............. Conversion costs... Percent complete with respect to materials...... Percent complete with respect to conversion. ........ Units started into production during the month..... Units transferred to the next department during the month Materials costs added during the month.... Conversion costs added during the month .... Ending work in process inventory: Units in ending work in process inventory. Percent complete with respect to materials... Percent complete with respect to conversion. 200 $2,200 $1,000 50% 10% 6,500 6,100 $135,000 $312,600 600 80% 60%
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