Acklac Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory i

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Acklac Corporation Uses The Weighted Average Method In Its Process Costing System This Month The Beginning Inventory I 1 (56.62 KiB) Viewed 55 times

Acklac Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs.......... Conversion costs. $12,000 65% $2,000 10% A total of 9,200 units were started and 8,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs $200,800 $225,500 Conversion costs. The ending inventory was 75% complete with respect to materials and 15% complete with respect to conversion costs. A. The total cost transferred from the first processing department to the next processing department during the month is closest to: B. The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: