managerial accounting 455123
Aug 29, 2021 | Uncategorized
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Heller Corporation uses the weighted average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
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| Beginning work in process inventory: |
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| Units in beginning work in process inventory |
1,250 |
| Materials costs |
$10,200 |
| Conversion costs |
$9,700 |
| Percent complete with respect to materials |
65% |
| Percent complete with respect to conversion |
30% |
| Units started into production during the month |
13,300 |
| Units transferred to the next department during the month |
13,500 |
| Materials costs added during the month |
$142,404 |
| Conversion costs added during the month |
$224,741 |
| Ending work in process inventory: |
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| Units in ending work in process inventory |
1,050 |
| Percent complete with respect to materials |
60% |
| Percent complete with respect to conversion |
20% |
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The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to: (Round your cost per equivalent unit answers to 2 decimal places.)
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$5,244 |
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$18,932 |
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$34,576 |
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$10,395 |
