Solved

Cameron Company Uses a Process Costing System and the Weighted

Question 120

Multiple Choice

Cameron Company uses a process costing system and the weighted average method to account for its production.The following information was available for August:  units  Costs  Work in Process, August 1100$2,990 Work in Process, August 31200 (A)  \begin{array} { l r r } & \text { units } & \text { Costs } \\\text { Work in Process, August } 1 & 100 & \$ 2,990 \\\text { Work in Process, August } 31 & 200 & \text { (A) }\end{array} During the month,800 units were started into production,and $5,000 in costs were incurred.Ending inventory was 50% complete.The cost of ending inventory would be: (Do not round intermediate calculations.)


A) $6,991.
B) $5,000.
C) $5,085.
D) $999

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions