Kang Industries provides the following partially complete process-cost report. The cost of goods completed and transferred out
Question:
Kang Industries provides the following partially complete process-cost report.
The cost of goods completed and transferred out contains $162,000 toward the cost of materials and $108,000 toward conversion cost.
Required:
Determine the value of Kang’s ending WIPinventory.
Transcribed Image Text:
Item Ending WIP inventory Cost of goods completed& Equivalent Units of Material 10,000 Equivalent Units of Conversion 7,000 Value transferred out 90,000 90,000 $270,000
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Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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