The beginning work in process inventory is 60 percent complete, and the ending work in process inventory is 45 percent complete. The dollar amount of the production cost included in the ending work in process inventory (using the average cost method) is determined by multiplying the average unit costs by what percentage of the total units in the ending work in process inventory?
A)100 percent
B)60 percent
C)55 percent
D)45 percent

Question

Quizplus · Accepted Answer

The dollar amount of production cost included in the ending work in process inventory is determined by multiplying the average unit costs by the percentage of completion of the ending work in process inventory (45 percent).

The Beginning Work in Process Inventory Is 60 Percent Complete