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Question - Kurtulus 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 2,100 Materials costs$8,500 Conversion costs$3,800 Percent complete with respect to materials 55%Percent complete with respect to conversion 25%Units started into production during the month 8,000 Units transferred to the next department during the month 7,200 Materials costs added during the month$111,600 Conversion costs added during the month$84,700 Ending work in process inventory: Units in ending work in process inventory 2,900 Percent complete with respect to materials 70%Percent complete with respect to conversion 55%
The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to?
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