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The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 11,000 units, The ending work in process inventory is 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the costs per equivalent unit for the period $3.50 for the materials and $1.50 for labor and overhead, what is the balance of the ending work in process inventory account would be: (Do not round Cost per equivalent unit)
$55,000
$48,400
$39,900
$38,000
Part B
Heller 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
550
Materials costs
$5,900
Conversion costs
$5,200
Percent complete with respect to materials
65%
Percent complete with respect to conversion
30%
Units started into production during the month
18,900
Units transferred to the next department during the month
17,500
Materials costs added during the month
$193,869
Conversion costs added during the month
$336,499
Ending work in process inventory:
Units in ending work in process inventory
1,950
60%
20%
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.
The total cost transferred from the first processing department to the next processing department during the month is closestto.
$560,610
$530,031
$521,500
$536,431
Part C
650
$4,000
$2,500
14,300
13,400
$160,795
$241,538
1,550
The cost of ending work in process inventory in the first processing department according to the company's cost system is closestto: (Round your cost per equivalent unit answers to 2 decimal places.)
$16,213
$40,394
$11,062
$24,750
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