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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 800
Materials costs $ 7,200
Conversion costs $ 2,500
Percent complete with respect to materials 55 %
Percent complete with respect to conversion 25 %
Units started into production during the month 6,700
Units transferred to the next department during the month 5,900
Materials costs added during the month $ 110,300
Conversion costs added during the month $ 83,400
Ending work in process inventory:
Units in ending work in process inventory 1,600
Percent complete with respect to materials 70 %
Percent complete with respect to conversion 55 %

The cost of ending work in process inventory in the first processing department according to the companys cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places. Round "Cost of ending work in process inventory" to the nearest whole dollar amount.)image

Multiple Choice $26,268 $45,637 $32,724 $29.896

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