Question: A firm that uses weighted average process costing has 400 units in Beginning Inventory that are 80% complete. During the period, an additional 8000 units
- A firm that uses weighted average process costing has 400 units in Beginning Inventory that are 80% complete. During the period, an additional 8000 units are started. 600 units are left in Ending Inventory at the end of the period, which are 80% complete. Beginning Inventory has $11,080 allocated to it, and current costs are $80,000. All inputs are added simultaneously.
Required: Calculate the costs allocated to Finished Goods and Ending Inventory.
- FINISHED GOODS(5 pts.):: ___________________
- ENDING INVENTORY(5 pts.):___________________
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