Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1500 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$6100? 60% Conversion costs$9400? 55% A total of 9150 units were started and 8000 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$95,900? Conversion costs$170,100? The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.How many units are in ending work in process inventory in the
first processing department at the end of the month?
A. 1350
B. 2650
C. 7650
D. 1150
Answer: B
You might also like to view...
The term whistle-blower is used to describe an individual who is willing to go public with charges about an organization doing something that is illegal or unethical
Indicate whether the statement is true or false
What does Edward Tufte, the famous information designer, recommending when developing graphs and tables that communicate?
What will be an ideal response?
The inventory method that considers the inventory to be composed of the units of merchandise acquired earliest is called
A) first-in, first-out B) last-in, first-out C) average cost D) retail method
Wanda, a six-year old, was in possession of a cigarette lighter, manufactured by Buch Corporation. A few minutes later her little sister was on fire, and the neighbor's dog, Sparky, was badly burned too. If Sparky's owners sue Buch Corp, what is true?
a. Buch is strictly liable if Sparky's owners engaged in reasonable conduct. b. Buch is strictly liable because lighters are inherently dangerous and should be outlawed. c. Buch will win unless Buch acted unreasonably. d. Buch will win unless the lighter was defective and the defect caused Sparky's harm.