In: Accounting
elow is selected information from Chipset's cost of production report:
Cost per equivalent unit in process |
$10 |
Units completed |
15,000 |
Total costs in process |
$332,000 |
Equivalent units of materials in ending inventory |
2,000 |
Cost per equivalent unit of materials |
$6 |
The ending inventory of work-in-process is complete as to
materials.
The cost of conversion in the ending inventory is: