$61,908 $86,759

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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$61,908
$86,759
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Transcribed Image Text:$52,628 $61,908 $86,759 $55,695
Haffner 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
Percent complete with respect to materials
Percent 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
Percent complete with respect to materials
Percent complete with respect to conversion
2,000
$9,300
$ 10,600
85%
55%
8,500
7,600
$ 104,200
$ 185,900
2,900
60%
50%
The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per
equivalent unit" to 3 decimal places.)
Transcribed Image Text:Haffner 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 Percent complete with respect to materials Percent 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 Percent complete with respect to materials Percent complete with respect to conversion 2,000 $9,300 $ 10,600 85% 55% 8,500 7,600 $ 104,200 $ 185,900 2,900 60% 50% The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)
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