Given the following information, assuming all materials are added at the beginning of theprocess, calculate the total cost to be assigned to ending work in process for the period. DirectMaterial Conversion Total Cost per equivalent unit $3.00 $2.50 Units completed andtransferred out 48,000 Units in work in process, ending, 70% complete 20,000 Multiple choicequestion. $95,000 $359,000 $144,000 $264,000

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Description: Given the following information, assuming all materials are added at the beginning of theprocess, calculate the total cost to be assigned to ending work in process for the period. DirectMaterial Conversion Total Cost per equivalent unit $3.00 $2.50

The cost assigned to ending work in process is the equivalent units into cost per equivalent…

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ate the total cost to be assigned to ending wor rsion Total Cost per equivalent unit $3.00 $2.5 or onding 70% a pom000 8V O

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14EA: A production department within a company received materials of $10,000 and conversion costs of...

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