Lucas Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows: What was the materials cost of work in process at October 31?
A) $3,060
B) $5,520
C) $6,000
D) $6,120

Question

Lucas Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows:  What was the materials cost of work in process at October 31?
A) $3,060 
B) $5,520 
C) $6,000 
D) $6,120

Quizplus · Accepted Answer

The Answer of Lucas Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows:  What was the materials cost of work in process at October 31?
A) $3,060 
B) $5,520 
C) $6,000 
D) $6,120

Lucas Corporation Uses the Weighted-Average Method in Its Process Costing