Question

In Concord, Inc., the Assembly Department started 61000 units and completed 70700 units. If beginning work in process was 30800 units, how many units are in ending work in process?

Answer 1

Answer:

Closing inventory = 21,100 units

Explanation:

The closing working in progress represent the units of work at the end of the period for which are yet to be completed in the period.

It is the sum of the opening inventory and the units introduced less the completed units. This given below in mathematical terms

Closing inventory = Opening inventory + Newly added - completed units

                          = 30,800 + 61,000 - 70,700= 21,100

Closing inventory = 21,100 units