HyunBin Company adds materials in the beginning of the process in the Forming Department, which is the
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Question:
HyunBin Company adds materials in the beginning of the process in the Forming Department, which is the first of two stages of its production cycle. Information concerning the materials used in the Forming Department in October is as follows:
Materials
Units Costs
Work in process, October 1 6,000 P 3,000
Units started 50,000 25,560
Units completed and transferred out 44,000
Using the average cost method, what were the materials cost of work in process at October 31?
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