Okay, we've spent 8 minutes on Process Costing

so far. That's long

enough for you to figure this out. Look forward

to your answers!!

We have one department and we mix cement.

That's it. Three things

happened:

1) At the beginning of the period we had 1000

lbs of cement that were

40% complete. (That means we needed to mix

the remaining 60% first)

Then we started another 2,000 during this

period as follows:

2) 1,500 lbs were finished. In other words, they

went through the whole

process this period. They were started AND

finished this period./n3) The remaining 500 lbs were still in process

the end but they were

50% complete

OK ... let's see what you learned in the final 8

minutes of the last

class. How many whole pounds of concrete di

we actually mix??