Robbins Company uses the weighted average method in its process costing system.

Question

Robbins Company uses the weighted average method in its process costing system. For the current month, the company has 1,000 units in its ending inventory (100% complete as to materials and 20% complete as to conversion). The materials cost per equivalent unit is $4.00 and the conversion cost per equivalent unit is $10.00.

The total costs of ending work-in-process inventory is

Robbins Company uses the weighted average method in its process costing system. For the current month, the company has 1,000 units in its ending inventory (100% complete as to materials and 20% complete as to conversion). The materials cost per equivalent unit is $4.00 and the conversion cost per equivalent unit is $10.00.

The total costs of ending work-in-process inventory is

Explanation / Answer

The total costs of ending work-in-process inventory is=s 1,000 units (4.00*100%+10.00*20%)=$6,000.

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