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Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning Inventory in the first processing department consisted of 1,400 units. The costs and percentage completion of these units in beginning Inventory were: Percent Complete 50% 20% Cost $ 6,500 $ 2,700 A total of 7,800 units were started and 7100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $ 159,700 $ 121,400 The ending Inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month In the first processing department is closest to: Materials costs Conversion costs Materials costs Conversion costs Multiple Choice O O O $16.34 $17.11 $10.71 $16.06

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning Inventory in the first processing department consisted of 1,400 units. The costs and percentage completion of these units in beginning Inventory were: Percent Complete 50% 20% Cost $ 6,500 $ 2,700 A total of 7,800 units were started and 7100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $ 159,700 $ 121,400 The ending Inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month In the first processing department is closest to: Materials costs Conversion costs Materials costs Conversion costs Multiple Choice O O O $16.34 $17.11 $10.71 $16.06

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning Inventory in the first processing department consisted of 1,400 units. The costs and percentage completion of these units in beginning Inventory were: Percent Complete Cost $ 6,500 Materials costs Conversion costs 50% 20% $ 2,700 A total of 7,800 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $ 159,700 $ 121,400 The ending Inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: Materials costs Conversion costs Multiple Choice OOO O $16.34 $17.11 $18.71 $16.06
Transcribed Image Text:Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning Inventory in the first processing department consisted of 1,400 units. The costs and percentage completion of these units in beginning Inventory were: Percent Complete Cost $ 6,500 Materials costs Conversion costs 50% 20% $ 2,700 A total of 7,800 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $ 159,700 $ 121,400 The ending Inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: Materials costs Conversion costs Multiple Choice OOO O $16.34 $17.11 $18.71 $16.06
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