Carmon Corporation uses the weighted-average method in Its process costing syste
ID: 2538835 • Letter: C
Question
Carmon Corporation uses the weighted-average method in Its process costing system. This month, the beginning Inventory in the first processing department consisted of 1,450 units. The costs and percentage completion of these units in beginning inventory were: Cost 18,200 11,000 Percent Complete 90% 60% Materials Costs Conversion Costs A total of 10,400 units were started and 7,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials Costs Conversion Costs 173,300 $138,900 The ending inventory was 75% complete with respect to materials and 40% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. How many units are in ending work in process inventory in the first processing department at the end of thee month? O 2,500 O 4,050 O 2.600 O 8,950Explanation / Answer
Ending work in process units = Beginning work in process unit+units started-units completed
= 1450+10400-7800
Ending work in proces units = 4050
so answer is b) 4050