Question
What are the steps to figuring this problem out? The Anwnser is 210,000 Cost assigned to the units in the ending work in process. In
What are the steps to figuring this problem out? The Anwnser is 210,000 Cost assigned to the units in the ending work in process.
In the month of april a department had 500 units in the beginning work in process inventory that were 60% complete. these units had 40,000 of materials cost and 30,000 of conversion cost. Materials are added at the beginning of the process and conversion cost are added niformly thoughout the proces. during april 10,000units were completed and transferred to the finished goods inventor and there were 2000 units that were 20% complete in the ending work in process inventory on april 30. During april manufacturing cost charged to the department were: materials 920,000 and conversion cost 1,020,000.
1. The cost assigned to the units in the ending work in process inventory on APRIL 30 was:
Answer: 210,000
2. The cost assigned to the units to Finished goods during April was:
Answer: 1,800,000
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