Time lett 1355: Rachelet inc. uses the weighted-average method in its process costing system. The following data concern the operations of the tompany's first processing department for a recent month....

Cost remaining in the ending work process inventory in terms of conversion cost and direct mater

Extracted text: Time lett 1355: Rachelet inc. uses the weighted-average method in its process costing system. The following data concern the operations of the tompany's first processing department for a recent month. Work in Process, beginning: Materials 400 units Cost 90% complete $756 Conversion 40% complete $4,448 Units Started into Production during the month 13,000 Units Completed and Transferred Out 13,300 Work in Process, Ending 100 units Materials 50% complete Conversion 30% complete Costs added to production during the month: Materials cost $29,949 Conversion cost $362,127 Total costs to account for $397,280 The information applies to the questions displayed below (12-18) scroll down