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Zanzabum
3 years ago
12

Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in proce

ss, 40% complete as to conversion costs, and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is:_________
Business
1 answer:
SpyIntel [72]3 years ago
3 0

Answer:

$55,000

Explanation:

Calculation for the total cost assignable to the ending work in process inventory

First step is to calculate the ending Materials Cost:

Ending Materials Cost = [(2,500 units × $10]

Ending Materials Cost = $25,000

Second Step is to calculate the ending Conversion Cost:

Ending Conversion Cost = [(2,500 units × 40%) × $30]

Ending Conversion Cost = [(1,000) × $30]

Ending Conversion Cost = $30,000

Last step is to calculate the total cost assignable to the Ending work in process inventory cost using this formula

Ending work in process inventory cost = Ending Materials Cost + Ending Conversion Cost

Let plug in the formula

Ending work in process inventory cost = $25,000 + $30,000

Ending work in process inventory cost = $55,000

Therefore the total cost assignable to the ending work in process inventory is $55,000

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Answer:

Results are below.

Explanation:

Giving the following information:

January $2,650 200

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Variable cost per unit= (8,920 - 2,650) / (770 - 200)

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Fixed costs= $450

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Fixed costs= 2,650 - (11*200)

Fixed costs= $450

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Total cost= 11*450 + 450= $5,400

<u>Finally, 750 hours:</u>

Total cost= 11*750 + 450= $8,700

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3 years ago
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Explanation:

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