The ending WIP Inventory in the Assembly Department contains 800 units that are 100% complete with respect
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The ending WIP Inventory in the Assembly Department contains 800 units that are 100% complete with respect to direct materials and 80% complete with respect to direct labor and overhead. The cost per equivalent unit for inventory is $3.00, which consists of $2.00 for materials, $0.80 for labor, and $0.20 for overhead. What dollar value is assigned to the ending WIP Inventory?
$1,600 | ||
$512 | ||
$128 | ||
$2,240 | ||
None of the answer choices is correct. |
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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