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.

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