Question: Heller 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:
| Heller 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 process inventory: | |
| Units in beginning work in process inventory | 1,200 |
| Materials costs | $4,300 |
| Conversion costs | $2,300 |
| Percent complete with respect to materials | 65% |
| Percent complete with respect to conversion | 30% |
| Units started into production during the month | 9,500 |
| Units transferred to the next department during the month | 8,800 |
| Materials costs added during the month | $122,932 |
| Conversion costs added during the month | $175,780 |
| Ending work in process inventory: | |
| Units in ending work in process inventory | 1,900 |
| Percent complete with respect to materials | 60% |
| Percent complete with respect to conversion | 25% |
| 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. |
| The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round your cost per equivalent unit answers to 2 decimal places.) |
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