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Bistrol Corporation uses the weighted-average method in its
Cost | Percent Complete | |
---|---|---|
Materials costs | $ 15,700 | 75% |
Conversion costs | $ 7,700 | 20% |
A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
Cost | |
---|---|
Materials costs | $ 186,300 |
Conversion costs | $ 329,800 |
The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs.
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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