K Corporation uses the weighted-average method in its process costing system. Data concerning the first processing...
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K 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 Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units completed and 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 Multiple Choice $ $ $190,913 1,900 8,300 3,600 558 25% 7,800 7,000 $111,400 $ 84,500 2,700 The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to: (Round your intermediate calculations to 3 decimal places.) 70% 55% Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion Multiple Choice The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to: (Round your intermediate calculations to 3 decimal places.) $190,913 $206,603 O $166,936 2,700 $101.613 70% 55% K 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 Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units completed and 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 Multiple Choice $ $ $190,913 1,900 8,300 3,600 558 25% 7,800 7,000 $111,400 $ 84,500 2,700 The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to: (Round your intermediate calculations to 3 decimal places.) 70% 55% Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion Multiple Choice The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to: (Round your intermediate calculations to 3 decimal places.) $190,913 $206,603 O $166,936 2,700 $101.613 70% 55%
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Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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