The gasson company uses the weighted-average method in its


The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 11,000 units, The ending work in process inventory is 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the costs per equivalent unit for the period $3.50 for the materials and $1.50 for labor and overhead, what is the balance of the ending work in process inventory account would be: (Do not round Cost per equivalent unit)

$55,000

$48,400

$39,900

$38,000

Part B

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

  Beginning work in process inventory:

 

  Units in beginning work in process inventory

550

  Materials costs

$5,900

  Conversion costs

$5,200

  Percent complete with respect to materials

65%

  Percent complete with respect to conversion

30%

  Units started into production during the month

18,900

  Units transferred to the next department during the month

17,500

  Materials costs added during the month

$193,869

  Conversion costs added during the month

$336,499

  Ending work in process inventory:

 

  Units in ending work in process inventory

1,950

  Percent complete with respect to materials

60%

  Percent complete with respect to conversion

20%

 

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.

The total cost transferred from the first processing department to the next processing department during the month is closestto.

$560,610

$530,031

$521,500

$536,431

Part C

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

  Beginning work in process inventory:

 

  Units in beginning work in process inventory

650

  Materials costs

$4,000

  Conversion costs

$2,500

  Percent complete with respect to materials

65%

  Percent complete with respect to conversion

30%

  Units started into production during the month

14,300

  Units transferred to the next department during the month

13,400

  Materials costs added during the month

$160,795

  Conversion costs added during the month

$241,538

  Ending work in process inventory:

 

  Units in ending work in process inventory

1,550

  Percent complete with respect to materials

60%

  Percent complete with respect to conversion

20%

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.

The cost of ending work in process inventory in the first processing department according to the company's cost system is closestto: (Round your cost per equivalent unit answers to 2 decimal places.)

$16,213

$40,394

$11,062

 

$24,750

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Financial Accounting: The gasson company uses the weighted-average method in its
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