Abis corporation uses the weighted-average method in its process costing system.

Question

Abis corporation uses the weighted-average method in its process costing system.

7 and 8 with working please

Use the following information to answer questions 7-8 below: the l percentage co This month 800 umits. The cests and method in its process costing system. of these units im beginning inventery were on ot these units in beginming Levent 50% 30% Cost Percent Complete 6,000 Materials costs Conversion costs A total of 9.200 units were started and 8.200 units were transferred to the second processing costs$9.900 h munth The following costs were incurred in the first processing department during the month: Materials costs.... $113,900 Conversion costs..$322,500 The endinginventory was 80% complete with respect to materials and 20% complete with The cost per equivalent unit for matcrials for the month in the first processing department is closest t $11.39 6)s1244 14,9 g d. $11.99 Given that the cost per equivalent unit for conversion costs for the fitrst month is $38.83. The total cost transferred from the first processing department to the next processing department during the month is closest to or the b. $452,300 e. $420,414 d. $436,400 9. BigView Monitors manufactures three different sizes of computer monitors: 15-inch, 17-inclh has recently implemented Big View fas idntified its activities as well as the best cost driver for each activity Budgeted Costs Cost Driver Labor hours Activity Testing Packaging 68,000 Orders shipped 68,000 The following information relates to each size of monitor and next year's anticipated

Explanation / Answer

7. ANSWER =D) $11.99

units in beginning = 800

Add-Units started = 9200

Less-units transferred = 8200

Units at end = 1800

Total units in first processing units = 8200 + 1800 = 10000

Total cost of material = 6000 + 113900 = 119900

Weighted average cost = 119900 /10000 = 11.99

8. ANSWER = C) 420414

Equivalent cost per unit = 38.83

total cost transferred from first processing unit = 420414

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