After transferring out 800 units, your company has 2000 units in ending work in process that are 100% complete with regard to material and 60% complete with regard to conversion costs. If the cost per unit is $10 for materials and $10 for conversion, what is the cost of units in ending work in process inventory using the weighted- average method?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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After transferring out 800 units, your company has 2000 units in ending work in
process that are 100% complete with regard to material and 60% complete with regard
to conversion costs. If the cost per unit is $10 for materials and $10 for conversion,
what is the cost of units in ending work in process inventory using the weighted-
average method?
Transcribed Image Text:After transferring out 800 units, your company has 2000 units in ending work in process that are 100% complete with regard to material and 60% complete with regard to conversion costs. If the cost per unit is $10 for materials and $10 for conversion, what is the cost of units in ending work in process inventory using the weighted- average method?
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