**Inventory Calculation Question:**Brinker Corp. uses a process costing system. Beginning inventory for January consisted of 1,600 units that were 62% completed. 10,800 units were entered into the process during January. During January, 10,500 units were completed. How many units were in ending inventory on January 31?**Multiple Choice Options:**- [ ] 1,900- [ ] 1,600- [ ] 3,300- [ ] 900**Solution Explanation:**To determine the ending inventory, follow these steps:1. **Calculate Total Units to Account For:** - Beginning Inventory: 1,600 units - Units Added During January: 10,800 units - Total Units = 1,600 + 10,800 = 12,400 units2. **Determine Completed Units:** - Completed Units: 10,5003. **Calculate Ending Inventory:** - Ending Inventory = Total Units - Completed Units - Ending Inventory = 12,400 - 10,500 = 1,900 units**Correct Answer: 1,900**This exercise helps reinforce understanding of basic inventory flow calculations in a process costing system, relevant for students learning accounting and inventory management.

Ending units = Beginning units + Units started - Units completed

Sved Be Co us a pracess coting system Begining inventory for January consisted of 1,600 units that were 62% completed. 10,800 units were he process during January During January, 10,500 units were completed. How many units were in ending inventory on January 31?

Sved Be Co us a pracess coting system Begining inventory for January consisted of 1,600 units that were 62% completed. 10,800 units were he process during January During January, 10,500 units were completed. How many units were in ending inventory on January 31?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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