For the Assembly Department, unit materials cost is $4 and unit conversion cost is $8. All...

For the Assembly Department, unit materials cost is $4 and unit conversion cost is $8. All material costs are added at the beginning of the process and conversion costs are applied uniformly throughout the process. If there are 9900 units in ending work in process 65% complete as to conversion costs, the costs to be assigned to the ending inventory are

A.$77220.

B.$118800.

C.$91080.

D. $104940.

Solutions

Expert Solution

Correct answer---------(C) $91080

Working

Statement of cost
Cost	Equivalent Cost/unit	Ending WIP
		Units	Cost Allocated

Material	$ 4.00	9,900	$ 39,600.00
Conversion cost	$ 8.00	6,435	$ 51,480.00

TOTAL	$ 91,080	TOTAL	$ 91,080

Statement of Equivalent Units(Weighted average)
		Material		Conversion cost
	Units	Complete %	Equivalent units	Complete %	Equivalent units
Closing WIP	9,900	100%	9,900.0	65%	6,435
Total	9,900	Total	9,900.0	Total	6,435

ekkarill92 answered 1 year ago

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