Reference no: EM132973617

Jefferson Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month.

Work in process, beginning:

Units in process 30

Percent complete with respect to materials 60%

Percent complete with respect to conversion 50%

Costs in the beginning inventory:

Materials cost $2,600

Conversion cost $13,600

Units started into production during the month 200

Costs added to production during the month:

Materials cost $24,390

Conversion cost $163,340

Work in process, ending:

Units in process 40

Percent complete with respect to materials 40%

Percent complete with respect to conversion 50%

Cost per equivalent unit:

Material $262

Conversion $920

Required:

Problem 1: What was the cost of the ending work in process inventory in the department at the end of the month?

Problem 2: What was the cost of the units completed and transferred to the next department during the month?