Question

In: Accounting

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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