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10 May, 23:15

In the Shaping Department of Furs Industries the unit materials cost is $5.00 and the unitconversions cost is $3.00. The department transferred out 12,000 units and had 1,500units in ending work in process 20% complete. If all materials are added at thebeginning of the process, the total cost to be assigned to the ending work in process is

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  1. 11 May, 02:01
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    total value of ending WIP inventory: 8,400

    Explanation:

    unit material cost: 5.00 dollar

    ending work in proces inventory

    materials equivalent units:

    1,500 x 100% = 1,500

    as the mateirals are added entire at the beginning of the process:

    material cost: 1,500 x 5 = 7,500

    conversion

    1,500 x 20% = 300

    300 x 3.00 = 900

    total value of ending WIP inventory:

    materials 7,500

    conversion 900

    total 8,400
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