Question
Test Company uses a normal, process costing system to determine product cost. The company reported the following production activity in Department 2 for July. Work-in-process
Test Company uses a normal, process costing system to determine product cost. The company reported the following production activity in Department 2 for July.
Work-in-process inventory, July 1 1,000 units
Units transferred in from Department 1 8,000 units
Units completed and transferred to finished goods 6,500 units
Determine the number of units in work-in-process inventory in Department 2 as of July 31.
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Managerial Accounting
Authors: James Jiambalvo
4th edition
9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797
