Answer the following questions using the information below:
The Sleepyhead Chair Company manufactures a standard recliner.During February,the firm's Assembly Department started production of 75 000 chairs.During the month,the firm completed 85 000 chairs and transferred them to the Finishing Department.The firm ended the month with 10 000 chairs in ending inventory.All direct materials costs are added at the beginning of the production cycle.Weighted-average costing is used by Sleepyhead.
-Of the 75 000 units Sleepyhead started during February,how many were finished during the month?

Question

Quizplus · Accepted Answer

The company started 75,000 chairs and completed 85,000 chairs. This means they finished 10,000 chairs that were already in process at the beginning of the month. Therefore, of the 75,000 chairs started, 65,000 were finished during February.

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