Business/Professional Ethics Directors/Executives/Acct
Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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Financial Accounting
Jacky Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 20,000 units. The ending work in process inventory is 100% complete with respect to materials and 80% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $4.00 for material and $1.20 for labor and overhead, what is the balance of the ending work in process inventory account would be: (Do not round Cost per equivalent unit)
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