How much cost should be assigned to ending wip inventory

Reference no: EM133611570

Question: The cutting process of Embark Designs started the year with $6,625 in beginning inventory. By year-end, Embark determined equivalent units of work done under the weighted-average method as follows. DM Conversion Costs Units completed this period 750 750 Units in ending WIP Inventory 100 50 Embark's cost per equivalent unit is $75 for DM and $38 for conversion costs. How much cost should Embark assign to the units completed this period? How much cost should be assigned to ending WIP Inventory for the cutting process? Record journal entry for units completed and show T-account.

Reference no: EM133611570

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