Use the source data in the previous exercise.
(1) Calculate the materials cost of the RIP ending inventory.
(2) Calculate the conversion cost component of the RIP ending inventory. Provide three different answers using the three results from requirement 2 to the previous exercise.
Previous exercise
During the most recent month, Fabricators Inc. started 3,000 units, finished 3,100 units, and incurred conversion costs totaling $290,160. The finished goods ending inventory consisted of 50 units. The RIP ending inventory contained partially processed materials for 20 units, 50% converted, plus unprocessed raw materials sufficient to produce 200 units.
The last semimonthly EDI payment to the supplier covered materials shipments sufficient to produce 1,400 units of output, with a total cost of $420,000.