For the Mixing Department, unit materials cost is $8 and unit conversion cost is $12. If materials are added at the beginning of the process and there are 6,000 units in the ending work-in process which are 75% complete as to conversion costs, what are the costs that should be assigned to the ending work-in process inventory?

Question

Business

Simone Meyer

20 July, 04:32

For the Mixing Department, unit materials cost is $8 and unit conversion cost is $12. If materials are added at the beginning of the process and there are 6,000 units in the ending work-in process which are 75% complete as to conversion costs, what are the costs that should be assigned to the ending work-in process inventory?

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Mohammed Shaw · Answer 1

The costs that should be assigned to the ending work-in process inventory is $102,000.

Explanation:

the costs that should be assigned to the ending work-in-process inventory = $8*6000 + 0.75*$12*6000

= $102000

Therefore, the costs that should be assigned to the ending work-in process inventory is $102,000.