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Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing...

Kurtulus 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 2,000
Materials costs $ 8,400
Conversion costs $ 3,700
Percent complete with respect to materials 55 %
Percent complete with respect to conversion 25 %
Units started into production during the month 7,900
Units transferred to the next department during the month 7,100
Materials costs added during the month $ 111,500
Conversion costs added during the month $ 84,600
Ending work in process inventory:
Units in ending work in process inventory 2,800
Percent complete with respect to materials 70 %
Percent complete with respect to conversion 55 %

The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to: (Round your intermediate calculations to 3 decimal places.)

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ekkarill92 answered 1 year ago
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