A manufacturing company uses the weighted-average method for inventory costing. At the end of the period, 20,500 units were in the ending Work-in-Process inventory and are 100% complete for materials and 68% complete for conversion. The equivalent costs per unit are materials $3.10 and conversion $2.45. Compute the cost that would be assigned to the ending Work-in-Process inventory for the period. Answer
A manufacturing company uses the weighted-average method for inventory costing. At the end of the period, 20,500 units were in the ending Work-in-Process inventory and are 100% complete for materials and 68% complete for conversion. The equivalent costs per unit are materials $3.10 and conversion $2.45. Compute the cost that would be assigned to the ending Work-in-Process inventory for the period. Answer
Chapter5: Process Costing
Section: Chapter Questions
Problem 9EA: Using the weighted-average method, compute the equivalent units of production if the beginning...
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A manufacturing company uses the weighted-average method for inventory costing. At the end of the period, 20,500 units were in the ending Work-in-Process inventory and are 100% complete for materials and 68% complete for conversion. The equivalent costs per unit are materials $3.10 and conversion $2.45. Compute the cost that would be assigned to the ending Work-in-Process inventory for the period. Answer
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