Totodile Inc. shows total material costs for the period to be $66,000. What is the material cost assigned to ending work in process inventory if beginning inventory was 2,000 units; 9,000 units were started into production, and 1,000 were in ending inventory? The company adds material costs at the beginning of the production process. A.) $1,000 B.) $6,000 C.) $60,000 D.) $66,000
Totodile Inc. shows total material costs for the period to be $66,000. What is the material cost assigned to ending work in process inventory if beginning inventory was 2,000 units; 9,000 units were started into production, and 1,000 were in ending inventory? The company adds material costs at the beginning of the production process. A.) $1,000 B.) $6,000 C.) $60,000 D.) $66,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Totodile Inc. shows total material costs for
the period to be $66,000. What is the
material cost assigned to ending work in
process inventory if beginning inventory
was 2,000 units; 9,000 units were started
into production, and 1,000 were in ending
inventory? The company adds material
costs at the beginning of the production
process.
A.) $1,000
B.) $6,000
C.) $60,000
D.) $66,000
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