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

question 50

Multiple Choice

Guo Corporation uses the weighted-average method in its process costing system.This month,the beginning inventory in the first processing department consisted of 500 units.The costs and percentage completion of these units in beginning inventory were: A total of 9,700 units were started and 9,100 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 75% 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 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)900
• B)1,100
• C)600
• D)9,200

---

Definitions:

Healing Process

Describes the complex biological sequence of events that occur in the human body to repair and regenerate tissue after injury.

Laceration

A deep cut or tear in skin or flesh, often resulting from an accident or injury.

Tetanus Antitoxin

An injection used to prevent or treat tetanus by neutralizing the toxins produced by Clostridium tetani bacteria.

Right Forearm

The lower part of the right arm between the elbow and the wrist.