A tennis ball maker gives us its data for the year:

Units in ending WIP Inventory were 90% complete for materials and 60% complete for conversion costs.
On December 31,the total cost of the units in ending WIP would be closest to

Question

A tennis ball maker gives us its data for the year:

Units in ending WIP Inventory were 90% complete for materials and 60% complete for conversion costs.
On December 31,the total cost of the units in ending WIP would be closest to

Quizplus · Accepted Answer

B)Material Conversion
Completed 5,600 5,600
End Inv.2,900 × 90% 6,610 @60% 1,740
Total units 8,210 7,340
Costs 14,778 12,111 (6,500 + 5,611)
Unit costs $1.80 $1.65
Units end WIP 2,610 1,740
$4,698 + $2,871 = $7,569

A Tennis Ball Maker Gives Us Its Data for the Year