n2 (Chapters 2 to 4) 21 Bistrol Corporation uses the weighted-average method in

Question

n2 (Chapters 2 to 4) 21 Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Percen Materials costs Conversion costs Cost $15,7ee 7,700 2 75% 20% A total of 8,400 units were started and 7.500 units were transfered to the second processing department duing the costs were incurred in the first processing department during the month following Materials costs Conversion costs Cost $186,300 $329,800 The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month? Multiple Choice

Explanation / Answer

CALCULATION OF CLOSING WIP INVENTORY Openinig WIP inventory 800 units Add: Units Intorduced during the period 8400 units Units Available for production 9200 units Less: Units Completed and transferred to next dept. 7500 units Closing WIP inventory 1700 units Answer = Option 3 = 1,700 units

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