Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

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Question

Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,200 units. The costs and percentage completion of these units in beginning inventory were:

	Cost		Percent Complete
Materials costs	$	6,800		60%
Conversion costs	$	10,100		55%

A total of 10,200 units were started and 8,700 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	$	96,600
Conversion costs	$	170,800

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?

Multiple Choice

1,500
8,000
3,700
1,700

business accounting

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Answer 1

Answer #1

ANSWER

The correct answer is 3700 units

Calculation

Units in ending work in process =

Beginning inventory + unit standard - unit transferred to second department

= 2200 + 10200 - 8700

= 3700 units

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Answer 2

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