Kuzuck Corporation uses the weighted-average method in its process costing syste

Question

Kuzuck 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:

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 of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round your cost per equivalent unit answers to 2 decimal places.)

$8,769

$38,101

$22,457

$13,920

Kuzuck 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:

Explanation / Answer

Equivalent unit of material = 12500+(1450*60%) = 13370

Equivalent unit of conversion = 12500+(1450*20%) = 12790

Cost per equivalent unit of material = (8300+118715)/13370 = 9.5

Cost per equivalent unit of conversion = (6600+242805)/12790 = 19.50

Cost of ending work in process = (1450*60%*9.5+1450*20%*19.50) = 13920

So answer is d) $13920

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