Question: Kurtulus 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

Kurtulus 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 .......................... 600

Materials costs ......................................................................... $7,000

Conversion costs ..................................................................... $2,300

Percent complete with respect to materials............................. 55%

Percent complete with respect to conversion .......................... 25%

Units started into production during the month ........................... 6,500

Units transferred to the next department during the month ........ 5,700

Materials costs added during the month ..................................... $110,100

Conversion costs added during the month ................................. $83,200

Ending work in process inventory:

Units in ending work in process inventory ............................... 1,400

Percent complete with respect to materials............................. 70%

Percent complete with respect to conversion .......................... 70%

In the department's cost reconciliation report for August, what would the cost of units transferred out of

the department be? Please show as much calculations as possible. Thank you!

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