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Category > Management Posted 27 Feb 2018 My Price 7.00

Bistrol Corporation

Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were:

 

 

Percent

 

Cost

Complete

Materials costs

$15,700

75%

Conversion costs

$7,700

20%

A total of 8,400 units were started and 7,500 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

$186,300

Conversion costs

$329,800

The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, The cost of ending work in process inventory in the first processing department  according to the company"s cost system is closest to:

A) $68,067

B) $64,115

C) $74,801

D) $106,859

 

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Feb 2018 06:02 PM My Price 7.00

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