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The Lumbar Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 140,000 chairs. During the month, the firm completed 180,000 chairs and transferred them to the Finishing Department. The Assembly Department ended the month with 25,000 chairs in process. All direct materials costs are added at the beginning of the production cycle. Conversion costs are incurred uniformly over the production cycle. Weighted-average costing is used by Lumbar. How many of the chairs that were started were also completed during February

Sagot :

abiolataiwo2015

Answer:

115,000 chairs

Explanation:

Calculation to determine How many of the chairs that were started were also completed during February

Using this formula

Chairs started and Completed=Beginning chairs production-Ending chairs production

Let plug in the formula

Chairs started and Completed=140,000 chairs- 25,000 chairs

Chairs started and Completed= 115,000 chairs

Therefore The numbers of chairs that were started and were also completed during February will be 115,000 chairs

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