Question 16 1 poi Kurtulus Corporation uses the weighted-average method in its p

Question

Question 16 1 poi 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 Beginning vork in process inventory Dnite in beginning work in process inventory Materials coste Coovereion costs Percent complete with respect to materials Percent conplete with respeet to conversion 600 $ 7,000 2,300 558 254 nite started Inte production dur ing the month Onits transferred to the next department during the month Materials 0084a added durin the month Conversion costs added during the month Ending vork in process Lnventory 500 ,700 110,100 83,200 Units in ending work La process Loventory Percent conplete with respect to materlale ,400 Percent conplete vith respet to convere ion 70N 708 The total cost transferred from the first processing department to the next processing department during the month is closest to: $202,600 $193,300 $175,246 $218,290

Explanation / Answer

So correct answer is C it is closest to 175,246

Beggining units 600 Transferred out 5,700 Started intro production 6500 Ending units 1,400 Units accounted for 7100 7100 Equivalent units Material Conversion cost Units transferred                      A 5700 5700 Ending Units 1,400 1,400 Completion 70% 70% B 980 980 Total units 6680 6680 Cost per equivalent units Particulars Material Conversion cost total As at beginning 7000 2300 9300 Added during the month 110100 83200 193300 Cost to be accounted for 117100 85500 202600 Total eqivalent units 6680 6680 Cost per equivalent unit 17.53 12.80 30.33 Cost per equivalent unit = Cost to be accounted for / Total equivalent units

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