Question

For August, Lanny Company had 25,000 units in BWIP. What is the value of BWIP in dollars if each unit costs $40?

Answer 1

The value of BWIP (Beginning Work in Process) in dollars is $1,000,000.

Step-by-step explanation:

The value of BWIP (Beginning Work in Process) in dollars can be calculated by multiplying the number of units in BWIP by the cost per unit.

Given that Lanny Company had 25,000 units in BWIP and each unit costs $40, the value of BWIP in dollars is:

Value of BWIP = Number of units in BWIP x Cost per unit
= 25,000 units x $40/unit
= $1,000,000

Therefore, the value of BWIP in dollars for August is $1,000,000.