Information concerning the materials used in the Mixing Department in October is as follows: If the ending work-in-process inventory is 50% complete, using the average cost method, what was the materials cost in Work in Process at October 31?
A)$2,644
B)$2,700
C)$4,330
D)$4,811

Question

Information concerning the materials used in the Mixing Department in October is as follows:  If the ending work-in-process inventory is 50% complete, using the average cost method, what was the materials cost in Work in Process at October 31?
A)$2,644 
B)$2,700 
C)$4,330 
D)$4,811

Quizplus · Accepted Answer

11eb16ac_e013_9e70_984d_db5060eaf471_TB6154_00 Materials cost for Work in Process, October 31:
5,000 units F1F1F1S1F1F1F10 $.54 = $2,700

Information Concerning the Materials Used in the Mixing Department in October