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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 1,100 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ $ 6,200 2,400 Percent Complete 50% 20% A total of 7,500 units were started and 6,800 units were transferred to the second processing department during

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,100 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ $ 6,200 2,400 Percent Complete 50% 20% A total of 7,500 units were started and 6,800 units were transferred to the second processing department during

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 1,100 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ $ 6,200 2,400 Materials costs $ Conversion costs $ Cost Percent Complete A total of 7,500 units were started and 6,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: 50% 159,400 121,100 20% The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department? Multiple Choice 8,600 6,800 1,350 8,150
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 1,100 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ $ 6,200 2,400 Materials costs $ Conversion costs $ Cost Percent Complete A total of 7,500 units were started and 6,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: 50% 159,400 121,100 20% The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department? Multiple Choice 8,600 6,800 1,350 8,150
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