Detroit 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 percent complete Materials costs $10,900 65% Conversion costs $4,000 15% A total of 5,700 units were started and 4,900 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 $127,400 Conversion costs $201,400 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? 5,100 800 1,400 900
Detroit 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 percent complete Materials costs $10,900 65% Conversion costs $4,000 15% A total of 5,700 units were started and 4,900 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 $127,400 Conversion costs $201,400 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? 5,100 800 1,400 900
Chapter5: Process Costing
Section: Chapter Questions
Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....
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Detroit Corporation uses the weighted-average method in its
| cost | percent complete | |
| Materials costs | $10,900 | 65% |
| Conversion costs | $4,000 | 15% |
A total of 5,700 units were started and 4,900 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 | $127,400 |
| Conversion costs | $201,400 |
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?
5,100
800
1,400
900
Expert Solution
Step 1
Process costing is used where the product is generated through multiple processes. It is mainly used in the manufacturing departments.
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