Hache Corporation uses the weighted-average method in its process costing system

Question

Hache 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:

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. To reduce rounding error, carry out all computations to at least three decimal places.

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Do not round Cost per equivalent unit.)

$67,845

$38,507

$17,478

$21,797

Hache 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

Hache 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:

Explanation / Answer

Beginning work in proceess=1050
Units started in production during month=6600

Total starting=1050+6600=7650

Completed and transfered out ending =5800+1850=7650

Direct material Conversion
Work in process beginning = 8700 8500
Added during the period = 91000 126300

= (8700+91000)=$98,700 =(8500+126300)=$134,800

Completed and transfereded out ending:

Equivalent direct material)(.5*1850)= 925
Conversion=(.2*1850)=370

cost per equivalent of material= 98700/7650=$12.901
Cost per equivalent of conversiom= 134800/7650=$17.621

Cost of ending work in process=(12.901*925)+(17.621*370)=$18,454

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.