Edwards Company produces calendars in a one-department process. The following information is available:
The units still in process are 100 percent complete with respect to direct materials and 60 percent complete with respect to conversion costs.
-The cost of the ending work-in-process inventory is
A) $40,200.
B) $51,000.
C) $30,600.
D) $61,050.

Question

Edwards Company produces calendars in a one-department process. The following information is available:
  The units still in process are 100 percent complete with respect to direct materials and 60 percent complete with respect to conversion costs.
-The cost of the ending work-in-process inventory is
A) $40,200. 
B) $51,000. 
C) $30,600. 
D) $61,050.

Quizplus · Accepted Answer

The cost of the ending work-in-process inventory is $40,200. This is calculated by taking the total cost of the work-in-process inventory ($51,000) and subtracting the cost of the beginning work-in-process inventory ($10,800).

Edwards Company Produces Calendars in a One-Department Process