Question
ABC Company adds material at the start of production. The following production information is available for June: Beginning Work in Process Inventory (35% complete as
ABC Company adds material at the start of production. The following production information is available for June:
| Beginning Work in Process Inventory | |||
| (35% complete as to conversion) | 10,000 | units | |
| Started this period | 120,000 | units | |
| Ending Work in Process Inventory | |||
| (60% complete as to conversion) | 8,000 | units | |
| Beginning Work in Process Inventory Costs: | |||
| Material | $32,000 | ||
| Conversion | 74,000 | ||
| Current Period Costs: | |||
| Material | $ 298,243 | ||
| Conversion | 89,979 | ||
Refer to ABC Company. What is the cost of units completed using the weighted average?
| a. | $343,980 | |
| b. | $467,260 | |
| c. | $366,275 | |
| d. | $509,600 |
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The TL 9000 Guide For Auditors
Authors: Mark Kempf
1st Edition
087389510X, 978-0873895101
