Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. carpenter corporation uses the weighted-average me

Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning...

80.2K

Verified Solution

Question

Accounting

Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were:

Cost Percent Complete
Materials costs $ 5,300 60%
Conversion costs $ 8,600 55%

A total of 7,950 units were started and 7,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs $ 95,100
Conversion costs $ 169,300

The ending inventory was 85% complete with respect to materials and 70% 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?

Multiple Choice

  • 950

  • 750

  • 1,450

  • 7,250

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

1 Find the equation of the line passing through 2 9 and 5 21 slope...

Physics
1.2K views

A) A mass weighing 16 pounds stretches a spring 8/3 feet. The mass is initially released from...

Mechanical Engineering
1.2K views

Question: Important parameters for this assignment Table 1: Default parameters for kinematics and kinetics ... Important parameters...

Advance Math
1.2K views

Use the Gram-Schmidt process to construct an orthogonal basis of the subspace of V = C...

Finance
1.2K views

You are choosing between two projects. The cash flows for the projects are given in the...

Basic Math
1.2K views

On separate sets of axes, graph each of the following equations. If you do not...

Accounting
1.2K views

Explain the concept of Family Life Cycle and its use in marketing. Choose one stage...

Accounting
1.2K views

2. Record the adjusting entries on January 31 for the above transactions. (If no entry...

Accounting
1.2K views

As detailed as possible, thank you very much for answering this question for me. ...

Accounting
1.2K views

Conlon Corporation's December 31 post-closing trial balance contains the following normal account balances: ...

Accounting
1.2K views

Does having a default free bond mean that WACC underestimates the company's risk?

Accounting
1.2K views

At the beginning of 2016, Palair purchased an airplane 54 at a cost of $4,600,000....