Business, 06.04.2020 23:44 dheydar3506

Lucas 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:

Beginning work in process inventory:

Units in beginning work in process inventory 900
Materials costs $ 9,600 Conversion costs $7,700
Percent complete with respect to materials 60%
Percent complete with respect to conversion 45%
Units started into production during the month 8,100
Units transferred to the next department during the month 6,900
Materials costs added during the month $115,800
Conversion costs added during the month $120,500

Ending work in process inventory:

Units in ending work in process inventory 2,100
Percent complete with respect to materials 75 %
Percent complete with respect to conversion 20%

The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to:

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Lucas Corporation uses the weighted-average method in its process costing system. Data concerning th...

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