Lancer Company uses the weighted average(WA) method in its process costing system. The following data...
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Lancer Company uses the weighted average(WA) method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 5,000 Percent completed with respect to materials.... ... 90% Percent completed with respect to conversion......... 80% Cost in the beginning inventory: Material cost $13,400 Conversion cost $ 8,200 Units started into production during the month ? Units completed and transferred out during month .. .30,000 Costs added to production during the month: Materials cost $ 87, 800 Conversion cost $ 93, 000 Work in process, ending: Units in process 4,000 Conversion cost $ 93,000 Work in process, ending: Units in process TEETH 4, 000 75% Percent completed with respect to materials.... Percent completed with respect to conversion.. 50% How many units were started during the month? A) 25,000 B 30.000 0 29,000 OD) 55,000 Under the Weighted average, how many units were completed and transferred out? O A) 5,000 O B) 4,000 O C) 30,000 O D) 25,000 QUESTION 15 Under FIFO, how many units were started and completed ? OA) 30,000 B) 25,000 5) 55,000
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