Question

Haffner 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 500 Materials costs $ 7,800 Conversion costs $ 9,100 Percent complete with respect to materials 85 % Percent complete with respect to conversion 55 % Units started into production during the month 7,000 Units transferred to the next department during the month 6,100 Materials costs added during the month $ 102,700 Conversion costs added during the month $ 184,400 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent complete with respect to materials 60 % Percent complete with respect to conversion 50 % 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.)

Multiple Choice $37,278 $33,294 $62,129 $31,065

Answer 1

$33294 is correct answer

Please refer detail working for your easy understanding

Statement showing Computation of Equivalent Unit- Weighted Average
Particular	Whole units	Materials	Conversion
Unit Completed & Transferred	6100	6100	6100
Ending inventory	1400	840	700
Units accounted for	7500	6940	6800
Equivalent Unit of Production
	Materials	Conversion
Equivalent units of production	6940	6800
Statement showing Cost per Equivalent Unit
Particular	Tototal	Material	Conversion
Beginning WIP inventory	$16,900.00	$7,800.00	$9,100.00
Current costs incurred	$287,100.00	$102,700.00	$184,400.00
Tototal cost to account for (a)	$304,000.00	$110,500.00	$193,500.00
Equivalent units (b)		6940	6800
Cost per Equivalent unit  (a/b)		$15.92	$28.46
Computation of Ending WIP
Material (840*15.92)	$13,375
Conversion (700*28.46)	$19,919
Tototal Ending Work in process	$33,294