Homework Answers
1) Unit transferred out = Beginning WIP+Unit started-Ending WIP
= 1100+9800-2100
Unit transferred out = 8800
So answer is a) $8800
2) Material Cost assigned to ending WIP = 2100*90%*5 = 9450
Conversion Cost assigned = 22399-9450 = 12949
Equivalent unit conversion Cost = 12949/8.7 = 1488
Percentage completion = 1488/2100 = 70%
So answer is c) 70%
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