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Assume there were 6,000 units in beginning work in process, 60% complete. 20,000 units were completed...

Assume there were 6,000 units in beginning work in process, 60% complete. 20,000 units were completed during the month. Ending work in process is 40% complete, which is equivalent to 3,200 units for conversion costs. Materials are added at the beginning of the process. The standard cost method is used.

Assume the total conversion costs for the month are $78,400. What amount of conversion costs are attached to units in ending work in process inventory? (please show calculation)Entry field with correct answer

$8,960

$12,800

$10,814

None of the above
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Answer #1
To complete Beginning WIP 2400 =6000*(1-60%)
Units started and Completed 14000 =20000-6000
Ending WIP 3200
The equivalent units conversion cost 19600
Conversion Costs incurred during month 78400 =182880+391160
Divide by Equivalent units 19600
Equivalent unit conversion cost 4.00
Ending work in process Equivalent units 3200
X Equivalent unit conversion cost 4.00
Conversion costs in ending work in process inventory 12800
Option B $12,800 is correct
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