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# Kumari Corporation: Cost of ending work in process inventory

Question 5:

Kumari 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 190
Materials costs \$3,300
Conversion costs \$6,600
Percent complete with respect to materials 85%
Percent complete with respect to conversion 70%
Units started into production during the month 8,000
Units transferred to the next department during the month 7,600
Materials costs added during the month \$123,416
Conversion costs added during the month \$333,916
Ending work in process inventory:
Units in ending work in process inventory 700
Percent complete with respect to materials 60%
Percent complete with respect to conversion 30%

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

\$19,074

\$10,358

\$22,050

\$15,792

#### Solution Preview

Question 5:
Kumari 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 190
Materials costs \$3,300
Conversion costs \$6,600
Percent complete with respect to materials 85%
Percent complete with respect to conversion 70%
Units started into production during the month 8,000
Units transferred to the next ...

#### Solution Summary

This solution is comprised of a detailed explanation to answer what is the cost of ending work in process inventory in the first processing department according to the company's cost system.

\$2.19