Figure 6-18 the Round Table Company Makes Carpenter's Squares and Uses a Uses

question 46

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Figure 6-18
The Round Table Company makes carpenter's squares and uses a process costing system. There is no spoilage. Manufacturing goes through three departments: Forming, Finishing, and Packing. Unit data for these departments are given below:
Beginning inventory units
Forming Finishing Packing
(80% complete) 1,000 2,000 3,000
Units started 8,000 ? ?
Ending inventory units
(20% complete) 3,000 4,000 1,000
The Finishing Department adds materials at the point where processing is 50 percent complete.
-Refer to Figure 6-18. The equivalent units for materials in the Finishing Department is Weighted Average FIFO

E) none of the above

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Definitions:

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