Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A) $13,570
B) $50,888
C) $30,660
D) $67,851

Question

Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:  The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A) $13,570 
B) $50,888 
C) $30,660 
D) $67,851

Quizplus · Accepted Answer

The Answer of Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:  The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A) $13,570 
B) $50,888 
C) $30,660 
D) $67,851

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