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Kido Construction builds and sells cheap cardboard homes. The entire home is built out of a large, single piece of cardboard with only indirect materials such as tape and nails used in construction. The price of the raw material (cardboard) used in the homes has remained perfectly stable and Kido Construction incurs no spoilage. Each home sells for $25,000.
The following data is from the year ending December, 31, 2010. Because Kido Construction's CEO has never taken an accounting class, he has asked you to take the following information and organize it into a useful format. [Assume that beginning WIP inventory has the same perunit value as ending WIP inventory.]
Item Amount
Required: 1.What was the amount (in units) of beginning WIP inventory?
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