Problem:
Honrad company assembly department Has material cost at $4 per unit and conversion cost of $8 per unit. There are 30,000 units in ending work in process all of which are 33% complete as to conversion costs.
Required:
Question: How much are total costs to be assigned to the inventory on hand?
- $192,000
- $199,200
- $168,800
- $240,000
Note: Please show the work not just the answer.