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The general ledger of Pronghorn Company has the following work in process inventory account. WORK IN PROCESS INVENTORY-FINISHING 6/1 Balance 8,800 6/30 Transferred out ?
The general ledger of Pronghorn Company has the following work in process inventory account. WORK IN PROCESS INVENTORY-FINISHING 6/1 Balance 8,800 6/30 Transferred out ? 6/1 Materials 1,920 6/30 Labor 4,000 6/30 Overhead 2,960 6/30 Balance ? Production records show that there were 2,080 units in beginning work in process inventory that were 50% complete; 8,320 units started into production, and 4,800 units completed and transferred out. The beginning work in process inventory had conversion costs of $ 4,464. The units in ending work in process inventory were 60% complete as to conversion costs. Materials are added at the beginning of the process. Answer the following questions assuming the company uses weighted average process costing. (a) How many units are in process at June 30? Units in process units Save for Later Attempts: 0 of 1 used Submit
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