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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
600
Materials costs
$7,000
Conversion costs
$2,300
Percent complete with respect to materials
55%
Percent complete with respect to conversion
25%
Units started into production during the month
6,500
Units transferred to the next department during the month
5,700
Materials costs added during the month
$110,100
Conversion costs added during the month
$83,200
Ending work in process inventory:
Units in ending work in process inventory
1,400
70%
Required - Compute the cost of ending work in process inventory in the first processing department according to the company's cost system?
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