Joos 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. Materials costs... Conversion costs Percentage complete with respect to materials. Percentage complete with respect to conversion. Units started into production during the month Units transferred to the next department during the month. Materials costs added during the month. Conversion costs added during the month... Ending work in process inventory: Units in ending work in process inventory. Percentage complete with respect to materials Percentage complete with respect to conversion.. 600 $7,300 $2,300 50% 10% 9,400 8,600 $196,300 $315,800 1,400 70% 40% 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, carry out all computations to at least three decimal places. The cost per equivalent unit for conversion costs for the first department for the month is closest to:

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...
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Joos 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..
Materials costs....
Conversion costs.
Percentage complete with respect to materials.
Percentage complete with respect to conversion..
Units started into production during the month.
Units transferred to the next department during the month.
Materials costs added during the month.....
Conversion costs added during the month..
Ending work in process inventory:
Units in ending work in process inventory.
Percentage complete with respect to materials.
Percentage complete with respect to conversion..
600
$7,300
$2,300
50%
10%
9,400
8,600
$196,300
$315,800
1,400
70%
40%
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, carry out all computations to at least
three decimal places. The cost per equivalent unit for conversion costs for the first department for the month is
closest to:
Transcribed Image Text:Joos 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.. Materials costs.... Conversion costs. Percentage complete with respect to materials. Percentage complete with respect to conversion.. Units started into production during the month. Units transferred to the next department during the month. Materials costs added during the month..... Conversion costs added during the month.. Ending work in process inventory: Units in ending work in process inventory. Percentage complete with respect to materials. Percentage complete with respect to conversion.. 600 $7,300 $2,300 50% 10% 9,400 8,600 $196,300 $315,800 1,400 70% 40% 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, carry out all computations to at least three decimal places. The cost per equivalent unit for conversion costs for the first department for the month is closest to:
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