The following is an account for a production department, showing its cost for one month: WORK IN PROCESS INVENTORY Beginning Balance 5,400 Completed and transferred out 49.410 DM DL OH Ending Balance 21,600 16,200 10,800 4,590 Assume that materials are added at the beginning of the production process and that DL and Overhead are applied uniformly. If the started and completed units cost $41,850, what was the cost of completing the unit, in the beginning, WIP inventory? a. $12,500 b. $2,160 c. $7,560 d. $37,260

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 5PB: Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units...
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The following is an account for a production department, showing
its cost for one month:
WORK IN PROCESS INVENTORY
Beginning Balance 5,400 Completed and transferred out 49.410
DM
DL
OH
Ending Balance
21,600
16,200
10,800
4,590
Assume that materials are added at the beginning of the production
process and that DL and Overhead are applied uniformly.
If the started and completed units cost $41,850, what was the cost
of completing the unit, in the beginning, WIP inventory?
a. $12,500
b. $2,160
c. $7,560
d. $37,260
Transcribed Image Text:The following is an account for a production department, showing its cost for one month: WORK IN PROCESS INVENTORY Beginning Balance 5,400 Completed and transferred out 49.410 DM DL OH Ending Balance 21,600 16,200 10,800 4,590 Assume that materials are added at the beginning of the production process and that DL and Overhead are applied uniformly. If the started and completed units cost $41,850, what was the cost of completing the unit, in the beginning, WIP inventory? a. $12,500 b. $2,160 c. $7,560 d. $37,260
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