using the number in 1 and 2 how do I complete 3? determine the total cost of end

Question

using the number in 1 and 2 how do I complete 3? determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in May.

0.00 poin ooring n a series of steps departments All of the matenial that is used in the iest production department processing in that department Data for May for the iest production Work in process nventory May work in process metry May 31 76,000 75% 56.000 50% 3% s 60.000 Materials cost work n process netry May t nts started into production nts transterred to the nest production department Mateiails cost added during May Conversion cost added during May

Explanation / Answer

3) Cost of ending work in process inventory Material Conversion Equivalent units of production (a) 28000 14000 Cost per equivalent unit (b) 1.53 0.94 Cost of ending work in process inventory (a*b) 42840 13136.0274 Units completed and transferred out Material Conversion Units transferred to the next department (a) 278000 278000 Cost per equivalent unit (b) 1.53 0.94 Cost of units completed and transferred out (a*b) 425340 260844

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