Answer the following questions using the information below:
The Lumbar Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Lumbar.
-Of the 150,000 units Lumbar started during February, how many were finished during the month?
A)150,000
B)170,000
C)130,000
D)190,000

Question

Quizplus · Accepted Answer

The company started 150,000 units in February and completed 170,000 units. Since 20,000 units are in ending inventory, 150,000 units started in February minus 20,000 units in ending inventory equals 130,000 units finished during the month.

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