Answer:
cost to WIP at April 30th: 300,000
materials 240,000
conversion 60,000
Explanation:
<em><u>Materials equivalent units:</u></em>
Materials are addedirely at the beginning of the process thus, all are at 100%
transferred out - beginning x percentage of completion + ending x % completion
20,000 - 600 x 100% + 2,000 x 100% =
20,000 - 600 + 2,000 = 21,400
equivalent cost per unit: 2,568,000 / 21,400 = 120
Ending WIP: 2,000 units x 100% x 120 = $ 240,000
<u><em>Conversion equivalent units</em></u>
transferred out - beginning x percentage of completion + ending x % completion
20,000 - 600 x 60% + 2,000 x 20%
20,000 - 360 + 400 = 20,040 units
equivalent cost per unit CC: 3,006,000 / 20,040 = $ 150
Ending WIP_ 2,000 units x 20% x $ 150 = $ 60,000
Ending WIP: 240,000 + 60,000 = 300,000 accumulated cost.
