Question 120 4 points Instruction Sheet Needed The total cos

Question 1.20 4 points (Instruction Sheet Needed) The total cost of direct materials in the WIP inventory of John Dillinger\'s metal processing department at the end of August is: $2,508 $1,812 $1,296 Question 1.21 4 points (Instruction Sheet Needed) Total conversion costs in the WIP inventory of John Dillinger\'s metal processing department at the end of August is: $2,416 $2,508 $1,812 $1,296

Solution

Equivalent units % mater materials % CC CC units started and completed 16,500 100% 16,500 100% 16,500 ending work in process 300 80% 240 20% 60 16,740 16,560 cost per unit materials CC beginning work in process 1,296 2,416 cost added during the year 47,250 497,696 total cost 48,546 500,112 Equivalent units 16,740 16,560 cost per unit 2.9 30.2 Q1.20 direct materials in ending inventory 240*2.9 696 answer Q1.21 conversion cost 60*30.2 1812 answer