Homework Answers
| Answer: | |
| Particulars | Amount (in $ ) |
|
Material Costs (30,000 units x 100% x $ 2.73 ) |
$ 81,900 |
|
Conversion Costs (30,000 units x 83% x $ 2.21 ) |
$ 55,029 |
| Cost Assigned to the Ending WIP inventory | $ 136,929 |
| Option (a) is Correct |
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weighted-average method in its process costing system. The company
has only a single processing department. The company's ending work
in process inventory on August 31 consisted of 20,600 units. The
units in the ending work in process inventory were 100% complete
with respect to materials and 60% complete with respect to labor
and overhead. If the cost per equivalent unit for August was $3.40
for materials and $4.90 for labor and overhead, the total cost...
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