Need help this question 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) CostsWork-in-Process (WIP) costs represent the…

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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The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000. The conversion cost for the period in the Rolling Department is 462,600. The total equivalent units for direct materials and conversion are 4,000 tons and 3,855 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.
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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.