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In the Shaping Department of Jenkins Company the unit materials cost is $3.00 and the unit conversion cost is $1.80. The department transferred out 8,000 units and had 2,000 units in ending work in process 20% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is?

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abiolataiwo2015

Answer:

$6,720

Explanation:

Calculation to determine what the total cost to be assigned to the ending work in process is

First step

Materials cost=2000 units * 100%

Materials cost=2,000

Conversion costs=2000 units *20%

Conversion costs= 400

Now let determine the ending work in process

Ending work in process=(2000 units *$3.00 per unit)+(400 units *$1.80 per unit)

Ending work in process= $6,000+$720

Ending work in process=$6,720

Therefore the total cost to be assigned to the ending work in process is $6,720

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