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:
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A) $37,278
B) $33,294
C) $62,129
D) $31,065

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:
  Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A) $37,278 
B) $33,294 
C) $62,129 
D) $31,065

Quizplus · Accepted Answer

Weighted-average method
 11ea7761_18a8_ccd6_81a5_8b3d25f49972_TB2580_00 11ea7761_18a8_ccd7_81a5_d31755506d3b_TB2580_00 11ea7761_18a8_f3e8_81a5_1d2f868a1038_TB2580_00

Haffner Corporation Uses the Weighted-Average Method in Its Process Costing