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The general ledger of Riverbed Company has the following work in process inventory account. WORK IN PROCESS INVENTORY-FINISHING 6/1 Balance 9,000 6/30 Transferred out ?
The general ledger of Riverbed Company has the following work in process inventory account. WORK IN PROCESS INVENTORY-FINISHING 6/1 Balance 9,000 6/30 Transferred out ? 6/1 Materials 1,960 6/30 Labor 4,080 6/30 Overhead 3,020 6/30 Balance ? Production records show that there were 2,120 units in beginning work in process inventory that were 50% complete; 8.480 units started into production, and 4,900 units completed and transferred out. The beginning work in process inventory had conversion cost of $ 2,052. 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 302 Units in process units
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