Question
on March 1, a company's packaging department had work in process inventory 8,820 units. these units had a cost of $315,000 for materials and $16,000
on March 1, a company's packaging department had work in process inventory 8,820 units. these units had a cost of $315,000 for materials and $16,000 for conversion costs. During March 30,000 units were started in the department, incurring $770,000 of materials costs and $54,000 in conversion costs. On March 31, 700 units remain in ending inventory. These units were 50% complete with respect to conversion costs.
Determine the cost of the march ending inventory using the weighted average cost method. round to 2 decimals. round to the nearest dollar.
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