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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 2,100
Materials costs $ 8,500
Conversion costs $ 3,800
Percent complete with respect to materials 55 %
Percent complete with respect to conversion 25 %
Units started into production during the month 8,000
Units transferred to the next department during the month 7,200
Materials costs added during the month $ 111,600
Conversion costs added during the month $ 84,700
Ending work in process inventory:
Units in ending work in process inventory 2,900
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.)

Garrison 16e Rechecks 2017-08-28

Garrison 16e Rechecks 2019-08-02

Multiple Choice

  • $189,115

  • $166,140

  • $204,805

  • $179,815

Answer & Explanation Solved by verified expert
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