Forrest Corporation, a new company, adds material at the beginning of its production process; conversion cost, in contrast, is incurred evenly throughout manufacturing.During May, the ﬁrm completed 15,000 units and had ending work in process of 2,000 units, 60% complete.Equivalent-unit costs were: materials, $15; conversion, $22. The cost of the company's ending work-in-process inventory is:

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The Answer of Forrest Corporation, a new company, adds material at the beginning of its production process; conversion cost, in contrast, is incurred evenly throughout manufacturing.During May, the ﬁrm completed 15,000 units and had ending work in process of 2,000 units, 60% complete.Equivalent-unit costs were: materials, $15; conversion, $22. The cost of the company's ending work-in-process inventory is:

Forrest Corporation, a New Company, Adds Material at the Beginning