In the Shaping Department of Sheridan Company the unit mater
In the Shaping Department of Sheridan Company the unit materials cost is $6.00 and the unit conversion cost is $3.00. The department transferred out 41300 units and had 4600 units in ending work in process 25% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is
Solution
Calculate cost assigned to ending work in process :
| Ending work in process | |
| Material (4600*6) | 27600 |
| Conversion cost (4600*25%*3) | 3450 |
| Total cost of ending work in process | 31050 |
