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

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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