Unit costs for materials and conversion cost amount to $3.50 and $6.25 respectively. The ending work in process inventory includes 6,000 units that are 100% complete as to materials and 60% complete as to conversion costs. The total ending WIP cost amounts to: A) $52,500 B) $45,000 C) $50,250 D) $43,500

Unit costs for materials and conversion cost amount to $3.50 and $6.25 respectively. The ending work in process inventory includes 6,000 units that are 100% complete as to materials and 60% complete as to conversion costs. The total ending WIP cost amounts to: A) $52,500 B) $45,000 C) $50,250 D) $43,500

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5BE: The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000....

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