Department A completed and transferred to finished goods a total of 60,000 units. Their ending inventory...
Department A completed and transferred to finished goods a total of 60,000 units. Their ending inventory consisted of 40,000 units which were 80% complete with respect to direct materials and 30% complete with respect to conversion cost. The cost per EUP for direct materials is $4.00 and for conversion is $3.50. The cost of ending work in process inventory is $___________
Homework Answers
Direct material cost content in the ending inventory = Number of units*Completion Percentage with respect to direct material*Cost per EUP of direct materials = 40000*80%*4 = $128000
Conversion cost content in the ending inventory = Number of units*Completion Percentage with respect to conversion cost*Cost per EUP of conversion = 40000*30%*3.5 = $42000
Hence total cost of ending work in process inventory is sum of above two which is $128000+$42000 = $170000
The cost of ending work in process inventory is $170000
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