Total costs to be assigned to inventory, Accounting Basics

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Total costs to be assigned to inventory

Problem:

Conrad Company's Assembly Department has materials cost at $5 per unit and conversion cost at $8 per unit. There are 20,000 units in ending work in process, all of which are 70% complete as to conversion costs.

Required:

Question: How much are total costs to be assigned to inventory?

a. $182,800

b. $112,000

c. $212,000

d. $260,000

Note: Explain all calculation and formulas.

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Accounting Basics: Total costs to be assigned to inventory

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Accounting Basics: Total costs to be assigned to inventory

Reference No:- TGS0883998

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the most economical order quatity

Q : Why is gene''s condition considered acute

Q : Find out the equivalent units for conversion costs

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Total costs to be assigned to inventory

Reference No:- TGS0883998

Recent Questions Asked Accounting Basics

Q : Determine the most economical order quatity

Q : Why is gene''s condition considered acute

Q : Find out the equivalent units for conversion costs

Q : Level of detail in the company income statement

Q : Total costs to be assigned to inventory

Q : Compare and contrast primary and secondary antibodies

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Q : What type of blood vessel is located in anterior pituitary

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