Carpenter Corporation Uses the Weighted-Average Method in Its Process Costing

question 94

Multiple Choice

Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were:
A total of 7,800 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
The ending inventory was 85% complete with respect to materials and 70% 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?

• A) 1,300
• B) 900
• C) 7,200
• D) 700

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Definitions:

Alien Corporation

A business that is incorporated in a foreign country.

Federal Law

Legislation enacted by the national government or Congress of a country.

State Law

Refers to laws that are enacted and enforced by individual U.S. states, governing within their own territory.

Corporate Taxation

The process or system of taxing the income or profits of corporations and other business entities.