Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first...
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Accounting
Kurtulus 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:
Units in beginning work in process inventory
1,900
Materials costs
$
8,300
Conversion costs
$
3,600
Percent complete with respect to materials
55
%
Percent complete with respect to conversion
25
%
Units started into production during the month
7,800
Units transferred to the next department during the month
7,000
Materials costs added during the month
$
111,400
Conversion costs added during the month
$
84,500
Ending work in process inventory:
Units in ending work in process inventory
2,700
Percent complete with respect to materials
70
%
Percent complete with respect to conversion
55
%
The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)
Multiple Choice
$166,936
$181,613
$190,913
$206,603
Answer & Explanation
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