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What is the cost allocated to ending inventory

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Reference no: EM133068300

Question - O Solo Mio Co. uses process costing and has the following information:

 

Materials

Conversion

Units completed

10,000

10,000

Units in ending WIP:

 

 

DM: 6,000 x 40% complete

2,400eu

--------

CC: 6,000 x 30% complete

--------

1,800eu

Total EU of output

12,400eu

11,800eu

Unit costs were $2.20 per unit for materials and $1.50 per unit for conversion.

Required -

1. What is the cost allocated to ending inventory?

2. Determine the cost allocated to goods completed and transferred out.

Reference no: EM133068300

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