Fuller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ 12,700 $ 10,900 Percent Complete 85% 30% A total of 9,800 units were started and 8,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $ 175,600 $ 420,900 Materials costs Conversion costs. The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)

Fuller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ 12,700 $ 10,900 Percent Complete 85% 30% A total of 9,800 units were started and 8,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $ 175,600 $ 420,900 Materials costs Conversion costs. The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)

Name: O$104,725$73,308$89,016$77,994 Fuller Corporation uses the weighted-a
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Description: O$104,725$73,308$89,016$77,994 Fuller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processingdepartment consisted of 700 units. The costs and percentage completion of th

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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