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

question 44

Multiple Choice

Fulton Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: A total of 9,900 units were started and 8,900 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 70% complete with respect to materials and 60% 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.
The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

• A)$39,216
• B)$65,360
• C)$45,752
• D)$41,633

---

Definitions:

Fallopian Tube

A pair of tubes along which eggs travel from the ovaries to the uterus in the female reproductive system.

Cesarean Delivery

A medical operation that involves making cuts in the abdomen and uterus to birth a child.

HIV Transmission

The process by which the Human Immunodeficiency Virus (HIV) is spread from person to person, typically through unprotected sexual contact, needle sharing, or from mother to child during birth or breastfeeding.

Childbirth

The process of delivering a baby from the womb to the outside world.