Question

Williams Company computed its cost per equivalent unit for direct materials to be $1.90 and its cost per equivalent unit for conversion to be $3.85. A total of 245,000 units of product were completed and transferred out as finished goods during the month. The ending Work in Process inventory consists of 26,000 equivalent units of direct materials and 26,000 equivalent units of conversion costs. The amount that should be reported in ending Work in Process Inventory is:

Answer 1

Answer:1408750

Step-by-step explanation:

Direct Materials 245,000 x 1.90 = 465500

Conversión 245,000x3.85= 943250

Total transferred to finished goods = 465500+943250=1408750

Answer 2

Answer:The amount that should be reported in ending Work in Process Inventory is:

=$149,500

Step-by-step explanation:

Work-in-process inventory is materials that are unfinished or partially completed in a production process.

Work in Process inventory = Direct materials cost+ conversion cost

= (equivalent units of direct materials x direct material cost per unit) + (equivalent units of direct materials x conversation cost per unit )

=26,000 x $1.90 + 26,000 x $3.85

$49,400 + $100.100

=$149,500

The amount that should be reported in ending Work in Process Inventory is:

=$149,500