Question: K Corporation uses the welghted-average method In its process costing system. Data concerning the first processing department for the most recent month are listed below

 K Corporation uses the welghted-average method In its process costing system.Data concerning the first processing department for the most recent month arelisted below Beginning work in process inventory: Units in beginning work in

K Corporation uses the welghted-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 800 $ 7,200 2, 55% ** 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 25% 6,700 5,900 month als 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 $110,300 s 83.400 1,600 7e% 55% 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 vour intermediate calcu lations to 3 decimal places.) 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.) Multple Choice $200.802 $216.492 $191,502 $173.507 OO A Corporation manufactures canoes in two departments, Fabrication and Waterproofing and uses a weighted-average process cost system to collect costs. The units start in Fabrication. are completed in Waterproofing, and transferred to the Finished Goods warehouse. What journal entry should A Corporation make to record the completion Department? f the production process by the Waterproofing Multiple Choice Finished Goods Work in Process waterproofing XXX Raw Materials Work in Process Waterproofing XXX Manufacturing Overhead Work in Process XXX waterproofing XXX Finished Goods Fabrication waterproofing Work in Process Vvy

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