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8 September, 12:34

EB9.

LO 5.4Production data show 15,200 units were transferred out of a stage of production and 3,500 units remained in ending WIP inventory that was 100% complete to material and 60% complete to conversion. The unit material cost is $9 for material and $4 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory?

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  1. 8 September, 15:44
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    Amount of inventory transferred=$197,600

    Amount of inventory in work in process=$39,900

    Explanation:

    Amount of inventory transferred=Number of units*cost per unit

    cost per unit = material cost per unit + conversion cost per unit

    =$9+$4

    =$13

    Amount of inventory transferred=15,200*13=$197,600

    Amount of inventory in work in process=3,500*9*100%+3,500*4*60%

    =$39,900
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Home » Business » EB9. LO 5.4Production data show 15,200 units were transferred out of a stage of production and 3,500 units remained in ending WIP inventory that was 100% complete to material and 60% complete to conversion.
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