Question: Conversion cost per equivalent unit is $2 and material cost per equivalent unit is $4. The ending inventory has 10 units which are 50% complete

Conversion cost per equivalent unit is $2 and material cost per equivalent unit is $4. The ending inventory has 10 units which are 50% complete with regard to conversion and 60% complete with regard to materials. The cost of the ending inventory is:

1.$60

2.$34

3.$36

4.$30

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