A company uses process costing. The following information pertains to the month of September: Cost per equivalent unit calculations for September: Cost per equivalent unit for materials costs: $2.09 Cost per equivalent unit for conversion costs: $8.16 Physical inventory, September: 4,000 units in beginning work-in-process inventory 10,000 units started 12,000 units completed 2,000 units in ending work-in-process inventory Ending Work-In-Process inventory is 38% complete with respect to materials costs and 67% complete with respect to conversion costs. How much cost should be assigned to ending finished goods inventory for the month of September? (Round all calculations to the nearest dollar and cents.)

A company uses process costing. The following information pertains to the month of September: Cost per equivalent unit calculations for September: Cost per equivalent unit for materials costs: $2.09 Cost per equivalent unit for conversion costs: $8.16 Physical inventory, September: 4,000 units in beginning work-in-process inventory 10,000 units started 12,000 units completed 2,000 units in ending work-in-process inventory Ending Work-In-Process inventory is 38% complete with respect to materials costs and 67% complete with respect to conversion costs. How much cost should be assigned to ending finished goods inventory for the month of September? (Round all calculations to the nearest dollar and cents.)

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Description: Please do not give solution in image format thanku A company uses process costing. The following information pertains to the month of September:Cost per equivalent unit calculations for September:Cost per equivalent unit for materials costs: $2.09Cos

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....

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