Gunes 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 Materials costs Conversion costs Cost $ 10,600 $ 12,800 A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The follow costs were incurred in the first processing department during the month: ultiple Choice Percent Complete 65% 30% Cost $ 142,100 $ 359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month?

Gunes 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 Materials costs Conversion costs Cost $ 10,600 $ 12,800 A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The follow costs were incurred in the first processing department during the month: ultiple Choice Percent Complete 65% 30% Cost $ 142,100 $ 359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 6PA: Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in...

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Question

Please help me with show all calculation thanku

Gunes 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
A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The follow
costs were incurred in the first processing department during the month:
Multiple Choice
1,900
Materials costs
Conversion costs
The ending inventory was 50% complete with respect to materials and 35 % complete with respect to conversion costs.
How many units are in ending work in process inventory in the first processing department at the end of the month?
1,100
Cost
$ 10,600
$ 12,800
7,700
900
Percent
Complete
65%
30%
Cost
$ 142, 100
$ 359,500

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