For the month of June, Starlight Chocolates had a cost per equivalent unit of $2.50 for materials and $0.40 for conversion costs in its Mixing Department. The company began June with 12,000 pounds of chocolate in production. By the end of the month, the company had completed 180,000 pounds of chocolate, and 9,000 pounds were in process. The in-process units were 100 percent complete with respect to material and 40 percent complete with respect to labor and overhead. 

How much is the cost of the ending Work in Process Inventory in the Mixing Department?

Answer rating: 100% (QA)

First we need to calculate the equivalent units of production for both materials and conversion cost... View the full answer