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kramer
3 years ago
15

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the firs

t processing department consisted of 710 units. The costs and percentage completion of these units in beginning inventory were:Cost Percent Complete Materials costs $8,000 65% Conversion costs $7,000 15% A total of 8,200 units were started and 7,650 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 $138,000 Conversion costs $324,000The ending inventory was 90% complete with respect to materials and 70% 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, carry out all computations to at least three decimal places. What are the equivalent units for conversion costs for the month in the first processing department?
Business
1 answer:
liberstina [14]3 years ago
5 0

Answer:

44

Explanation:

Opening units  710

Started                  8200

                          8910

Transffered         -7650

Closing                  1260

                                        Cost Table        

Cost     opening   current       total      complete    WIP   Equivelant      cost        

Head cost  cost         cost          units       units   prod. units     per unit

Material  8,000    138,000    146,000    7,650       1,134   8,784     16.6211  

C C   7,000    324,000   331,000    7,650    882   8,532    38.7951                                                                                                                   55.4163  

 

 

       

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