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Compute the total cost of units in ending work

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Question - The USA Company manufactures flags in a single process. The following information is available:

Work in process inventory, Jan. 1 -0- units

Units started in production 18,000 units

Units completed and transferred out 12,000 units

Work in process inventory, Dec. 31 6,000 units

Production costs:

Direct materials $213,885

Direct labor $577,500

Manufacturing overhead $391,875

The units still in process are 45% complete with respect to direct materials and 35% complete with respect to conversion costs.

Compute the total cost of units in ending work in process inventory? What is the equation used? Would this be a conversion equation?

Reference no: EM132486977

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