General Account tutor please find solution Unit costs for materials and conversion costamount to $4 and $5 respectively. The endingwork in process costs for 8,000 units (100%result as to material and 70% result as toconversion costs) amount toA) $60,000.B) $72,000.C) $44,000.D) $40,000.

Step 1: Definition of Work-in-Process (WIP)Work-in-Process (WIP) refers to partially completed goods…

Answered: Unit costs for materials and conversion…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...

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Unit costs for materials and conversion cost amount to $4 and $5 respectively. The ending work in process costs for 8,000 units (100% result as to material and 70% result as to conversion costs) amount to A) $60,000. B) $72,000. C) $44,000. D) $40,000.