FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Inacio 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
800
$ 12,900
$ 5,000
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
75%
20%
9,500
8,400
$ 172,000
$ 240, 200
Ending work in process inventory:
Units in ending work in process inventory
Percent complete with respect to materials
Percent complete with respect to conversion
1,900
90%
30%
What are the equivalent units for conversion costs for the month in the first processing department?
Transcribed Image Text:Multiple Choice
10,300
8,970
570
8,400
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