Question

Below is selected information from Chipset's cost of production report: Cost per equivalent unit in process...

Below is selected information from Chipset's cost of production report:

Cost per equivalent unit in process

$10

Units completed

15,000

Total costs in process

$332,000

Equivalent units of materials in ending inventory

2,000

Cost per equivalent unit of materials

$6


The ending inventory of work-in-process is complete as to materials.

The cost of conversion in the ending inventory is:

A.

$ 30,800

B.

$308,000

C.

$ 15,800

D.

$158,000

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