Guo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were:
A)$23.31
B)$23.70
C)$24.43
D)$24.03

Question

Guo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: 
A)$23.31 
B)$23.70 
C)$24.43 
D)$24.03

Quizplus · Accepted Answer

The Answer of Guo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: 
A)$23.31 
B)$23.70 
C)$24.43 
D)$24.03

Guo Corporation Uses the Weighted-Average Method in Its Process Costing