A company uses process costing and provides the following information for the month of August:Physical Flow in August Cost Data for August Units in Process, Aug. $1100$ MaterialsConversionTotalUnits Started in August$1100$ Beg. WIP:$$734$ $$1,547$ $$2,281$ Units Completed in August$1120$ Current Period: $12,708$$$13,897$ $$26,605$Units in Process, Aug. $3080$ Total: $$13,442$ $$15,444$ $$28,886$Units in process at the end of August were $30\%$ complete with respect to materials and conversion costs.

How much cost should be assigned to ending work$-$in$-$process inventory for the month of August? $($Round all intermediate calculations and the final answer to the nearest dollar and cents.$)$ 

Answer rating: 100% (QA)

To calculate the cost assigned to ending workinprocess inventory for the month of August we need to ... View the full answer