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
