Math Problem Statement
For department unit material cost is $15 and unit conversion cost is 25. If there is 100,000 units and ending work process that are 75% complete to conversion cost the cost assigned to inventory Are
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Cost Accounting
Weighted-Average Method
Work-in-Process Inventory
Formulas
Material cost = units × material cost per unit
Conversion cost = units × conversion cost per unit × completion percentage
Total cost = material cost + conversion cost
Theorems
Weighted-Average Cost Method in Process Costing
Suitable Grade Level
College/University - Accounting
Related Recommendation
Work-in-Process (WIP) Cost Calculation for 105,000 Liters of Soft Drinks
Weighted-Average Method: Calculating Ending Inventory Cost for 3,788 Units at 61% Completion
Compute Costs of Ending WIP and Transferred Units in Process Costing
Calculate Total Manufacturing Cost Per Unit Using Equivalent Units
Determine Equivalent Units for Materials and Conversion Using Weighted-Average Method