Hi,

I have a problem in Managerial Accounting ACCT 525.My email address is mdsrezwan@gmail.com.I need to submit the answer today by 7 pm.

Ace Chemical Company manufactures a liquid used to wash boats. Ace began 2011 with 10,000 units in process with cost of $12,000 for materials and $162,000 for materials and labor. All materials are added at the start of production and materials and labor are added at a consistent rate during production. 90,000 units are added to production during the period, and 80,000 completed. The cost of the added units was $96,000 for materials and $180,000 for conversion costs. The uncompleted units are 50% complete as to conversion costs.

a. What is the cost of the units completed? Why?

b. What is the cost of the units not completed? Why?