Question
A company has 10,000 equivalent units in ending work in process, that are 100% complete with respect to materials and 80% complete with respect to
A company has 10,000 equivalent units in ending work in process, that are 100% complete with respect to materials and 80% complete with respect to conversion costs. The cost per unit for inventory is $2.00, which consists of $1.20 for materials and $0.80 for conversion costs. What is the dollar value assigned to the ending work in process inventory?
| A | $20,000 |
| B | $12,000 |
| C | $18,400 |
| D | $16,000 |
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
