- A firm that uses weighted average process costing has 400 units
in Beginning Inventory that are 80% complete. During the period, an
additional 8000 units are started. 600 units are left in Ending
Inventory at the end of the period, which are 80% complete.
Beginning Inventory has $11,080 allocated to it, and current costs
are $80,000. All inputs are added simultaneously.
Required: Calculate the costs
allocated to Finished Goods and Ending Inventory.
- FINISHED GOODS(5
- ENDING INVENTORY(5