Question
47. Kennedy Company adds materials in the beginning of the process in the Forming Department, which is the first of two stages of its
47. Kennedy Company adds materials in the beginning of the process in the Forming Department, which is the first of two stages of its production cycle. Information concerning the materials used in the Forming Department in October is as follows: Materials Work in process, October 1. Units started.. Units completed and transferred out. Units Costs 6,000 P 3,000 50,000 25,560 44,000 Using the average cost method, what was the materials cost of work in process at October 31? A. P3,000 B. P6,120 C. P3,060 D. P5,520 E. P6,000
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