Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started during the month Units completed and transferred out during the month Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion How many units were started into production during the month? 6,000 60% 20% $78,200 $3,600 ? 70,000 $ 286,600 $ 216,000 8,000 75% 25%

Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started during the month Units completed and transferred out during the month Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion How many units were started into production during the month? 6,000 60% 20% $78,200 $3,600 ? 70,000 $ 286,600 $ 216,000 8,000 75% 25%

Name: Sumter Corporation uses the weighted-average method in its process co
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Description: Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processingdepartment for a recent month:Work in process, beginning:Units in processPercent complete with respect

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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