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K Corporation uses the weighted-average method...

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Accounting

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K Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: 1,900 $ 8,300 $ 3,600 Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units completed and transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory 25% 7,800 7,000 $111,400 $ 84,500 2,700 Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 70% 559 The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to: Round your intermediate calculations to 3 decimal places) Multiple Choice $190,913

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