C https://newconnect.m D E Hot Game Ch 20 Quiz6 to be computed its cost per equi

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C https://newconnect.m D E Hot Game Ch 20 Quiz6 to be computed its cost per equivalent unit for direct materials to be $270 and its cost per equivalent unit for $3 28. A total of 381000 units of product were completed and transferred out as finished goods during the month. The ending Work in Process inventory consists of 22.000 equivalent units of direct materials and 22.000 equivalent units of conversion costs. The amount that should be reported in ending Work in Process Inventory is 1.53 points 2 Multiple Choice

Explanation / Answer

SOLUTION

The amount that should be reported inending Work in Process Inventory is $131,560.

Partiuclars Units (A) Cost per unit ($) (B) Amount ($) (A*B) Direct materials 22,000 2.70 59,400 Conversion 22,000 3.28 72,160 Total ending Work in Process 131,560

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