Kidd Company Uses a Process Cost System and the Weighted

question 112

Multiple Choice

Kidd Company uses a process cost system and the weighted average method.The company had 800 units of product in its work in process inventory at the beginning of the period.During the period 3,000 additional units of product were started.At the end of the period there were 1,500 units of product in the work in process account.The ending work in process inventory was estimated to be 30% complete.The beginning work in process inventory had a balance of $4,000.Product costs totalingThere were $84,000 of product costs were added to work in process during the period.The amount of cost in ending work in process inventory is:

• A) $33,600.
• B) $48,000.
• C) $14,400.
• D) $8,400.

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Definitions:

Ca

Chemical symbol for Calcium, a reactive, soft metallic element that is a member of the alkaline earth metals.

Oxidation Number

A value that represents the number of electrons lost or gained by an atom in a compound compared to its elemental state.

C

Carbon, an element with the atomic symbol 'C', known for its ability to form a vast number of compounds, more than any other element.

Oxidation Number

A number assigned to an element in a chemical combination that represents the number of electrons lost or gained by an atom of that element in the compound.