Use the following information to answer Questions 2 and 3:
The following information pertains to operations for the month of April:
Units
Work-in-Process, 1 April
Units started during April
Units completed during April
Costs
Work-in-Process, 1 April:
Materials
Conversion costs
Incurred during April:
Materials
Conversion costs
Work-in-Process at 1 April was 60% complete for direct materials and 20% complete for
conversion costs. Work-in-Process at 30 April was 90% complete for direct materials and 40%
complete for conversion costs.
2
Using the weighted average method, the cost of closing work-in-process at 30 April was:
A
$100,951
B
$153,960
C
$154,800