Homework SourseMarigold Companys Assembly Department has materials cost at
Marigold Company’s Assembly Department has materials cost at $2 per unit and conversion cost at $5 per unit. There are 19200 units in ending work in process, all of which are 60% complete as to conversion costs and 60% complete as to materials. How much are total costs to be assigned to inventory?
Solution
Ending Inventory in Process
Per Unit
Total (A)
Percentage of Completion (B)
Total (C=A*B)
Material Cost
19,200
2
38,400
60%
23,040
Conversion Cost
19,200
5
96,000
60%
57,600
Total
1,34,400
80,640
| Ending Inventory in Process | Per Unit | Total (A) | Percentage of Completion (B) | Total (C=A*B) | |
| Material Cost | 19,200 | 2 | 38,400 | 60% | 23,040 |
| Conversion Cost | 19,200 | 5 | 96,000 | 60% | 57,600 |
| Total | 1,34,400 | 80,640 |
