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

Question 299

Multiple Choice

Lucas Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows: Lucas Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows: What was the materials cost of work in process at October 31? A) $3,060 B) $5,520 C) $6,000 D) $6,120 What was the materials cost of work in process at October 31?


A) $3,060
B) $5,520
C) $6,000
D) $6,120

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