Question

On January 1, 20x6, Windows Incorporated has $14,218 in partially completed windows in their inventory. During the month of January, they incur another $5,247 to finish the windows, $37,922 to complete another 120 windows, and $9,732 to start 50 more windows. What is the total cost of work in process for the month of January?

Answer 1

Answer:

Explanation:

Work in process is a term used to describe partially completed goods , that are turned from raw materials to finished goods within a shot space of time. Therefore , to calculate the work in process , every cost incurred in the month of January will be relevant

Workings

Opening inventory of partially completed window = 14,218

Cost to finish                                                                   5,247

Cost to complete another 120 windows in January    37,922

Cost to start another 50 windows in January               9,732

Cost of work in process                                                  67,119