A company uses the weighted-average method in its process costing system. The company adds materials at...

Transcribed Image Text:

A company uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Assembly Department, which is the first of two stages in its production process. Information concerning operations in the Assembly Department in October follows: Units DM Costs - WIP October 1 5,000 $3,000 Started during October 51,000 $25,560 Units completed and 50,000 transferred out What was the materials cost of work in process at October 31? QU No Ma P Choose... = ✓ Choose... $ 3,060 $ 6,120 $ 6,000 $ 5,520 A company uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Assembly Department, which is the first of two stages in its production process. Information concerning operations in the Assembly Department in October follows: Units DM Costs - WIP October 1 5,000 $3,000 Started during October 51,000 $25,560 Units completed and 50,000 transferred out What was the materials cost of work in process at October 31? QU No Ma P Choose... = ✓ Choose... $ 3,060 $ 6,120 $ 6,000 $ 5,520

Answer rating: 100% (QA)

The detailed answer for the above question is provided below To calculate the materials cost of the ... View the full answer