Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the mostrecent month are listed below:Beginning work in process inventory:Units in beginning work in process inventoryMaterials costsConversion costsPercent complete with respect to materialsPercent complete with respect to conversionUnits started into production during the monthUnits transferred to the next department during the monthMaterials costs added during the monthConversion costs added during the monthEnding work in process inventory:Units in ending work in process inventoryPercent complete with respect to materialsPercent complete with respect to conversion1,800$ 8,200$ 3,50055%25%7,7006,900$ 111,300$ 84,4002,60070%55%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 perequivalent unit" to 3 decimal places. Round "Cost of ending work in process inventory" to the nearest whole dollar amount.) OOO$45,694$40,031$58,607$39,238

Name: Kurtulus Corporation uses the weighted-average method in its process
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the mostrecent month are listed below:Beginning work in process inventory:Units in beginning work in process inv