Bistrol Corporation uses the weightedaverage method in its p

Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were Cost 15,700 7,700 Percent Complete 75% 20% Materials costs Conversion costs A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs Cost $186,300 $329,800 The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs How many units are in ending work in process inventory in the first processing department at the end of the month?

Solution

Answer is 1700 units Explanation: Units in Beginning WIP 800 Add: Units started during the period 8400 Total Units to be accounted for 9200 Less: Units transferred out 7500 Units of ending WIP 1700