Acme Company uses process costing. During the current month, the first processing department's ending work in process inventory includes 21,600 units that are 100% complete with respect to direct materials and 60% complete with respect to conversion costs. If the cost per equivalent unit for the month is $3.65 for direct materials and $5.15 for conversion costs, what is the total cost of ending work in process inventory? $190,080 $114,048 O $123,336 $145,584
Acme Company uses process costing. During the current month, the first processing department's ending work in process inventory includes 21,600 units that are 100% complete with respect to direct materials and 60% complete with respect to conversion costs. If the cost per equivalent unit for the month is $3.65 for direct materials and $5.15 for conversion costs, what is the total cost of ending work in process inventory? $190,080 $114,048 O $123,336 $145,584
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Acme Company uses process costing. During the current month, the first processing
department's ending work in process inventory includes 21,600 units that are 100% complete
with respect to direct materials and 60% complete with respect to conversion costs. If the
cost per equivalent unit for the month is $3.65 for direct materials and $5.15 for conversion
costs, what is the total cost of ending work in process inventory?
O $190,080
O $114,048
O $123,336
O $145,584
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