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 costs of units complete and transferred 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 costs of units complete and transferred would be closest to

Quizplus · Accepted Answer

D)Material Conversion
Completed 5,600 5,600
End Inv.2,900 × 90% 2,610 @60% 1,740
Total units 8,210 7,340
Costs 14,778 12,111 (6,500 + 5,611)
Per unit $1.80 $1.65
Units completed 5,600 5,600
$10,080 + $9.240 = $19,320

A Tennis Ball Maker Gives Us Its Data for the Year