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Keyser Corporation The following information is available for Keyser Corporation for the current year: Beginning Work in Process Cost of Beginning Work in Process: (75%
Keyser Corporation The following information is available for Keyser Corporation for the current year:
Beginning Work in Process | Cost of Beginning Work in Process: | ||
(75% complete) | 14,500 units | Material | $25,100 |
Started | 75,000 units | Conversion | 50,000 |
Ending Work in Process | Current Costs: | ||
(60% complete) | 16,000 units | Material | $120,000 |
Abnormal spoilage | 2,500 units | Conversion | 300,000 |
Normal spoilage (continuous) | 5,000 units | ||
Transferred out | 66,000 units |
All materials are added at the start of production.
Refer to Keyser Corporation. Assume that the cost per EUP for material and conversion are $1.75 and $4.55, respectively. What is the cost assigned to ending Work in Process?
Select one:
a. $71,680
b. $100,800
c. $103,108
d. $87,430
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