Question
ABC Company manufactures concrete by a series of four processes. All materials are added in the Crushing Department at the beginning of the process. From
ABC Company manufactures concrete by a series of four processes. All materials are added in the Crushing Department at the beginning of the process. From the Crushing Department, the materials pass through Sifting, Baking, and Mixing, emerging as finished concrete. The company uses the First In, First Out Method for costing inventories. The below information is related to the month of January 2018.
Units | |
Work in Process, Jan 1 (25% complete) | 2,000 |
Completed this period & Transferred Out | 16,000 |
Work in Process, Jan 31 (50% complete) | 1,200 |
Costs | |
Work in Process, Jan 1 | $13,700 |
Direct Materials | $98,800 |
Conversion Costs | $28,980 |
Use the above information to calculate the units started and completed for Step #2 of the Cost of Production Report.
Group of answer choices
16,000
18,000
14,000
17,200
Next
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