EA15. LO 5.4 Production data show 35,920 units were transferred out of a stage of production and 6,150 units remained in ending WIP inventory that was 100% complete to material and 35% complete to conversion. The unit material cost is $5 for material and $8 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory?

Solution

	Material	Conversion
Percent complete
Cost per unit
	Units	Materials	Conversion
Transferred out
Ending inventory
Equivalent units
	Totals
Transferred out
Ending work in process: materials
Ending work in process: conversion
Ending work in process: total
Costs to account for