Business, 24.06.2021 20:40 aigo

Lucas 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 900
Materials costs $ 9,600
Conversion costs $ 7,700
Percent complete with respect to materials 60 %
Percent complete with respect to conversion 45 %
Units started into production during the month 8,100
Units transferred to the next department during the month 6,900
Materials costs added during the month $ 115,800
Conversion costs added during the month $ 120,500
Ending work in process inventory:
Units in ending work in process inventory 2,100
Percent complete with respect to materials 75 %
Percent complete with respect to conversion 20 %
The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Do not round intermediate calculations.)
a. $13,570
b. $50,888
c. $30,660
d. $67,851

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Lucas Corporation uses the weighted-average method in its process costing system. Data concerning th...