Question - At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
WIP beginning (70% for conversion) 15,200 units
Units started 150,000 units
Units completed and transferred out 120,000 units
WIP ending (50% for conversion) 45,200 units
Beginning WIP direct materials $52,500
Beginning WIP conversion costs $25,200
Costs of materials added $443,100
Costs of conversion added $260,000
What is the total cost of units remaining in ending WIP?