TB MC Qu. 5-57 (Algo) Domingo Corporation uses the weighted... Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,000 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ 6,100 $ 2,300 Percent Complete 50% 20% A total of 7,400 units were started and 6,700 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 Materials costs $ 159,300 Conversion costs $ 121,000 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department?

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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TB MC Qu. 5-57 (Algo) Domingo Corporation uses the weighted...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing
department consisted of 1,000 units. The costs and percentage completion of these units in beginning inventory were:
Percent Complete
50%
20%
Materials costs
Conversion costs
Cost
$ 6,100
$ 2,300
A total of 7,400 units were started and 6,700 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
$ 159,300
$ 121,000
The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.
What are the equivalent units for conversion costs for the month in the first processing department?
Materials costs
Conversion costs
Transcribed Image Text:TB MC Qu. 5-57 (Algo) Domingo Corporation uses the weighted... Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,000 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 50% 20% Materials costs Conversion costs Cost $ 6,100 $ 2,300 A total of 7,400 units were started and 6,700 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 $ 159,300 $ 121,000 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department? Materials costs Conversion costs
Multiple Choice
O
O
O
8,400
1,275
6,700
7,975
4
Transcribed Image Text:Multiple Choice O O O 8,400 1,275 6,700 7,975 4
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