Answer:
EU materials 26,760
EU conversion 26,340
WIP ending 25,410
transferred out 596,700
}
Cost to be accounted for: 622,110
cost accounted for:
ending WIP inventory 25,410
finished goods inventory 596,700
Explanation:
WA Equivalent units:
completed units 55,500
ending WIP inventory 2,100 x 60% 1,260 materials
2,100 x 40% 840 conversion
materials: 25,500 + 1,260 = 56,760
conversion: 25,500 + 840 = 56,340
Ending WIP valuation:
Materials: 1260 x 13.7 = 17,262
Labor 840 x 3.2 = 2,688
Overhead 840 x 6.5 = 5,460
Total ending WIP 25,410
Transferred-out:
25,500 x (13.7 + 3.2 + 6.5) =
25,500 x 23.4 = 596,700
