Question: Use the source data in the previous exercise. (1) Calculate the materials cost of the RIP ending inventory . (2) Calculate the conversion cost component

Use the source data in the previous exercise.
(1) Calculate the materials cost of the RIP .
(2) Calculate the conversion cost component of the RIP . 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 consisted of 50 units. The RIP 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.

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