Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning...
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Accounting
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,500 units. The costs and percentage completion of these units in beginning inventory were:
Cost
Percent Complete
Materials costs
$
6,600
50%
Conversion costs
$
2,800
20%
A total of 7,900 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:
Cost
Materials costs
$
159,800
Conversion costs
$
121,500
The ending inventory was 85% complete with respect to materials and 75% 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
6,400
1,450
700
2,200
Answer & Explanation
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