Kendall Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 10,000 units. The ending work in process inventory is 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $4.00 for materials and $1.50 for labor and overhead, what is the balance of the ending work in process inventory account?
Kendall Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 10,000 units. The ending work in process inventory is 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $4.00 for materials and $1.50 for labor and overhead, what is the balance of the ending work in process inventory account?
Chapter5: Process Costing
Section: Chapter Questions
Problem 5EA: A company has 1,500 units in ending work in process that are 30% complete after transferring out...
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Kendall Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 10,000 units. The ending work in process inventory is 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $4.00 for materials and $1.50 for labor and overhead, what is the balance of the ending work in process inventory account?
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