Multiple Choice
Hendrix, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities:
On July 1: Beginning inventories = 750 units, 60% complete
Direct materials cost = $5,925
Conversion costs = $4,095
During July: 15,000 units started
Direct materials added = $150,000
Conversion costs added = $83,520
On July 31: Ending inventories = 1,500 units, 40% complete
Using the weighted average method, the cost of the ending work in process inventory for July was:
A) $18,480
B) $18,540
C) $18,330
D) $18,390
Correct Answer:
Verified
Correct Answer:
Verified
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