Braden Corp.uses a process costing system.Beginning inventory for January consisted of 1,300 units that were 60% completed.13,000 units were started into the process during January.During January,12,000 units were completed.How many units were in ending inventory on January 31?
A)1,950
B)1,300
C)650
D)2,300

Question

Quizplus · Accepted Answer

To find the ending inventory, we start with the total units accounted for (beginning inventory + units started) and subtract the units completed. Beginning inventory is 1,300 units, and 13,000 units were started, making a total of 14,300 units accounted for. Subtracting the 12,000 units completed during January leaves 2,300 units in ending inventory on January 31.