Dodd Corporation uses the weighted-average method in Its process costing system.

Question

Dodd Corporation uses the weighted-average method in Its process costing system. This month, the beginning inventory in the first processing department consisted of 750 units. The costs and percentage completion of these units in beginning inventory were: Cost $8,400 $7,400 Percent Complete Materials costs Conversion costs 65% 20% A total of 8,600 units were started and 7,850 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 Conversion costs $324,400 The ending inventory was 80% complete with respect to materials and 65% complete with respect to conversion costs. 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. How many units are in ending work in process inventory in the first processing department at the end of thee month? O 1,300 Units O 1.500 Units O 7,850 Units O 750 Unlts

Explanation / Answer

Solution: Answer is 2nd option 1,500 units Working Notes: Ending work in process in units = Units in beginning work in process + Units started into production - Units transferred to the next department =750 units + 8,600 units - 7,850 units =1,500 units Notes: Question is asking Ending work in process in units not Equivalent units, hence , we can get Ending work in process in units by simply adding beginning units in work in process & started units during the period in the department and deducting the units that are transferred to other department. Please feel free to ask if anything about above solution in comment section of the question.

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