Barker Corporation uses the weighted-average method in its process costing syste

Question

Barker Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 300 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete $7,400 $4,900 Materials costs 8590 Conversion costs 55% A total of 9,100 units were started and 8,700 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 $240,300 $242,400 Conversion costs The ending inventory was 85% complete with respect to materials and 20% 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. To reduce rounding error, carry out all computations to at least three decimal places. How many units are in ending work in process inventory in the first processing department at the end of the month?

Explanation / Answer

Answer is 700 units

Explanation is as follows:

Opening WIp                 300 units

Add: Units started 9100 units

Less: Units completed 8700 units

Closing WIP                 700 units(Material eq units: 595 units and conversion eq. units: 140 units)

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