A company has 1,953 units in ending work in process that are 27% complete after transferring out 13,694 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $7 for conversion, what is the cost of units in ending inventory using the weighted-average method? Round to the nearest penny, two decimals.

A company has 1,953 units in ending work in process that are 27% complete after transferring out 13,694 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $7 for conversion, what is the cost of units in ending inventory using the weighted-average method? Round to the nearest penny, two decimals.

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Description: A company has 1,953 units in ending work in process that are 27% complete after transferring out 13,694 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $7 for conversion, what isthe cost o

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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