What was the materials cost of work in process at october

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Khulafu Company adds materials in the beginning of the process in the Forming Department, which is the first of two stages of its production cycle. Information concerning the materials used in the Forming Department in October is as follows:

                                                                   Units                   Materials Costs

Work in process, October 1                  6,000                   PHP3,000

Units started                                  50,000                   PHP25,560

Units completed and transferred out       44,000

Question 1: Using the average cost method, what was the materials cost of work in process at October 31?

Reference no: EM132549356

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