Ask Question
BusinessBusiness
22 June, 06:04

PA8.

LO 5.4The finishing department started the month with 700 units in WIP inventory. It received 2,200 units from the molding department and transferred out 2,150 units. How many units were in process at the end of the month?

+5
Answers (1)
  1. 22 June, 08:53
    0
    750

    Explanation:

    The number of units in finishing department at the end of the month shall be calculated as follows:

    Number of units transferred=Starting wip inventory+units received from molding department-number of units at the end of month.

    Number of units at the end of month=Starting wip inventory-number of units transferred+units received from molding department

    Number of units at the end of month=700-2,150+2,200

    =750
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “PA8. LO 5.4The finishing department started the month with 700 units in WIP inventory. It received 2,200 units from the molding department ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Paddock Pools constructed a swimming pool and deck for the Jensens' home. Paddock installed the wrong trim on the pool. It would cost $2800 to change the trim - one-fifth the total cost of the pool. The Jensens refuse to pay anything for the pool.
Answers (1)
Hysterias Inc. is a soft drink manufacturer that has many manufacturing plants around the world. They are planning to shift from using thermal power to wind power for their manufacturing plants in the Netherlands to decrease dependency on
Answers (1)
Two cities face identical prices for their housing. City A decided to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville", we expect the prices of housing in city A "Clean town" to a. increase b. decrease c.
Answers (1)
You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits.
Answers (1)
If caviar prices doubled, while sales of caviar rose 20%, this example would definitely refute the law of demand. A. TrueB. False
Answers (1)
New Questions in Business
On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of $18,000.
Answers (1)
Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 60,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date.
Answers (1)
Altman Corporation is considering investing $75,000 in a new piece of machinery that will generate net annual cash flows of $25,000 each year for the next 5 years. The machine has a salvage value of $8,000 at the end of its 5 year useful life.
No Answers
External users of financial information: Multiple Choice Are those individuals involved in managing and operating the company. Are not directly involved in operating the company. Make operating decisions for a company.
Answers (2)
Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the lessee is
Answers (1)
Home » Business » PA8. LO 5.4The finishing department started the month with 700 units in WIP inventory. It received 2,200 units from the molding department and transferred out 2,150 units. How many units were in process at the end of the month?
Sign Up Forgot Password?