rials costs ersion costs Cost $ 5,200 $ 8,500 rials costs ersion costs f 7,800 units were started and 7,100 units were transferred to the second processing department during the mon in the first processing department during the month: Percent Complete 60% 55% Cost $ 95,000 $ 169,200 ing inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. = per equivalent unit for materials for the month in the first processing department is closest to:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing
department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were:
Materials costs
Conversion costs
Materials costs.
Conversion costs
A total of 7,800 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were
incurred in the first processing department during the month:
Multiple Choice
Cost
$ 5,200
$ 8,500
$11.58
The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.
The cost per equivalent unit for materials for the month in the first processing department is closest to:
$12.21
Percent
Complete
60%
55%
Cost
$ 95,000
$ 169,200
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Transcribed Image Text:Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Materials costs. Conversion costs A total of 7,800 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Multiple Choice Cost $ 5,200 $ 8,500 $11.58 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: $12.21 Percent Complete 60% 55% Cost $ 95,000 $ 169,200 < Prev 16 of 20 Next >
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