Reference no: EM132598889

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:

                            Cost                % completed

Material cost            $ 15,700               75%

Conversion cost         $7,700                  20%

A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

                              Cost

Material cost $ 186,300

Conversion cost $ 329,800

The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs.

The total cost transferred from the first processing department to the next processing department during the month is closest to:

Question 1. Haffner 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 500

Material costs 7,800

Conversion costs 9,100

Percent complete with respect to material 85%

Percent complete with respect to conversion 55%

Units started into production during the month 7,000

Units transferred to the next department during the month 6,100

Materials costs added during the month $102,700

Conversion costs added during the month $ 184,400

Ending work in process inventory:

Units in ending work in process inventory 1400

Percent complete with respect to materials 60%

Percent complete with respect to conversion 50%

The cost per equivalent unit for conversion costs for the first department for the month is closest to