Kent company had 800 units of product in its work in


Question: Kent Company had 800 units of product in its work in process inventory at the beginning of the period. During the period 3,000 additional units of product were started. At the end of the period there were 1,500 units of product in the work in process account. The ending work in process inventory was estimated to be 30% complete. The beginning work in process inventory had a balance of $2,000. There were $42,000 of product costs added to work in process during the period. What is the amount of cost in ending work in process inventory?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Kent company had 800 units of product in its work in
Reference No:- TGS02592437

Now Priced at $15 (50% Discount)

Recommended (95%)

Rated (4.7/5)