Lewis Company uses weighted average process costing system. Material is added at the start of production....
Lewis Company uses weighted average process costing system. Material is added at the start of production. Lewis Company started 13,000 units into production and had 4,500 units in process at the start of the period that were 60 percent complete as to conversion costs. If Lewis Company transferred out 11,750 units, how many units were in ending Work in Process Inventory? a) 1,250 b) 3,000 c) 3,500 and d) 5,750
Homework Answers
Ending work in process = Beginning work in process+Unit started-Unit completed and transferred out
= 4500+13000-11750
Ending work in process = 5750
So answer is d) 5750
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work in process inventory consists of 180,000 units that are 30%
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throughout the process. Direct materials are added at the beginning
of the first process. During November, the first process
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