Data Units Starting WIP: 2,000 Started: 900 Completed: 2,500 Completion rates Starting WIP Material rate: 80%...

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Data Units Starting WIP: 2,000 Started: 900 Completed: 2,500 Completion rates Starting WIP Material rate: 80% Conversion rate: 40% Ending WIP Material rate: 30% Conversion rate: 60% Costs Period costs Material: 44,000 Conversion: 29,000 WIP Costs Material: 20,000 Conversion: 4,211 Question Using the First In First Out (FIFO) inventory costing method, the cost of material for the ending WIP units is closest to ... Answers A. 4,500 B. 5,000 C. 5,500 D. 6,000 Answer: B e b eq Fe uni Data Units Starting WIP: 2,000 Started: 900 Completed: 2,500 Completion rates Starting WIP Material rate: 80% Conversion rate: 40% Ending WIP Material rate: 30% Conversion rate: 60% Costs Period costs Material: 44,000 Conversion: 29,000 WIP Costs Material: 20,000 Conversion: 4,211 Question Using the First In First Out (FIFO) inventory costing method, the cost of material for the ending WIP units is closest to ... Answers A. 4,500 B. 5,000 C. 5,500 D. 6,000 Answer: B e b eq Fe uni

Answer rating: 100% (QA)

To calculate the cost of material for the ending work in process WIP units using the First In First ... View the full answer