Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$5,200 60% Conversion costs$8,500 55% A total of 7,800 units were started and 7,100 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$95,000 Conversion costs$169,200 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.The cost per equivalent unit for materials for the month in the first
processing department is closest to:
A. $11.31
B. $11.93
C. $12.21
D. $11.58
Answer: C
You might also like to view...
Identify and discuss key essential sections of a résumé, and information that specifically should be excluded from the résumé
What will be an ideal response?
Age, income, education, ethnicity, and gender are types of
A) psychographic data. B) behavioral data. C) attitudinal measures. D) psychoanalytic information. E) demographic information.
The corporate citizenship theory of social responsibility argues that businesses have the
responsibility to do good for society. Indicate whether the statement is true or false
Negative float exists when a project's critical path has been completed more quickly than anticipated
Indicate whether the statement is true or false