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Marigold Company’s Assembly Department has materials cost at $2 per unit and conversion cost at $5...

Marigold Company’s Assembly Department has materials cost at $2 per unit and conversion cost at $5 per unit. There are 19200 units in ending work in process, all of which are 60% complete as to conversion costs and 60% complete as to materials. How much are total costs to be assigned to inventory?

Solutions

Expert Solution

Ending Inventory in Process

Per Unit

Total (A)

Percentage of Completion (B)

Total (C=A*B)

Material Cost

                                            19,200

2

     38,400

60%

              23,040

Conversion Cost

                                            19,200

5

     96,000

60%

              57,600

Total

1,34,400

              80,640

ekkarill92 answered 2 years ago
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