Esty Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $5,800 $6.500 Materials costs Conversion costs Percent Complete 50% 30% A total of 7,700 units were started and 6.600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: $85,300 $168,000 The ending inventory was 70% complete with respect to materials and 10% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to O $10.76 110.72 O $1004 O $11.49

Esty Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $5,800 $6.500 Materials costs Conversion costs Percent Complete 50% 30% A total of 7,700 units were started and 6.600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: $85,300 $168,000 The ending inventory was 70% complete with respect to materials and 10% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to O $10.76 110.72 O $1004 O $11.49

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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