Lucas Company uses the weighted-average method in its process costing system.
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Lucas Company 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:
Units
Materila cost
Work in process on October 1
6,000
3,000
Units started in October
50,000
25,560
Units completed and transferred to next Department during October
44,000
What was the materials cost of work in process at on October 31?
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