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Jason & Sarah Compary follow the Woighted Average method for inventony valuation and started the pericd with Work in Presress WIP) Inventory of 1000 units.
Jason \& Sarah Compary follow the Woighted Average method for inventony valuation and started the pericd with Work in Presress WIP) Inventory of 1000 units. Direct Materials (OM) costs and Conversion Costs (CC) in the bestining. Wip thventory are $3 and $710 respectively. During the period, an additional 3940 units having $2100 of D M costs and $2485 of CC were adied to the Whp Inventons. Total equivalent units of work done for DM and CC were 4940 units and 4500 units in that order. At the end of the period, the company had 300 units in ending inventony that were 1009 complcte with reypect to DM and 205 complete with respect to CC. Calculate the total cost of units completed and woved cut of the Wip inventonk. $5414 $5814 $5614 $5514
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