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?
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?
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdbe44c52-aaab-4b29-81a5-991baee16459%2F7fd05516-47a6-4b73-876e-de175a82ae2c%2Fsfony8s_processed.jpeg&w=3840&q=75)
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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