1 | Cost of ending work in process inventory | 28,542.00 | 5,046.00 | 33,588.00 |
2 | Cost of units transferred out | 295,260.00 | 130,830.00 | 426,090.00 |
Explanation | ||||
1 | Cost of ending work in process inventory | |||
Materials | Conversion | Total | ||
Equivalent units of production in ending work-in-process (a) | 2,030.00 | 810.00 | ||
Cost per equivalent unit (b) | $ 14.06 | $ 6.23 | ||
Cost of ending work in process inventory (axb) | $ 28,542.00 | $ 5,046.00 | $ 33,588.00 | |
2 | Cost of units transferred out | |||
Materials | Conversion | Total | ||
Units were completed and transferred to the next processing | ||||
department during the period(a) | 21,000.00 | 21,000.00 | ||
Cost per equivalent unit (b) | $ 14.06 | $ 6.23 | ||
Cost of units transferred out (axb) | $ 295,260.00 | $ 130,830.00 | $ 426,090.00 |
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